From a Practical Perspective, Trade Restrictions Are Often Placed Because

question 111

Multiple Choice

From a practical perspective, trade restrictions are often placed because

• A) the World Trade Organization supports restrictions.
• B) the United Nations mandates restrictions.
• C) losses from implementing the restrictions are diffused among many buyers, while gains from restrictions are concentrated among small groups of workers and producers.
• D) buyers are altruistic and want to see domestic jobs protected.

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