If the Economic Arguments Against Tariffs and Quotas Are That

question 79

Multiple Choice

If the economic arguments against tariffs and quotas are that they are very costly for the macroeconomy, why are they imposed?

• A) The costs to individual consumers are small, whereas individual producers gain much from such trade barriers.
• B) Consumers have very large lobbying budgets.
• C) The costs to individual consumers are large, whereas individual producers gain little from such protection.
• D) The domestic prices of protected goods fall after the tariff or quota is imposed.

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