Which of the Following Is True of Protectionism

question 251

Multiple Choice

Which of the following is true of protectionism?

• A) It lowers prices for domestic consumers and increases social surplus.
• B) It increases prices for domestic consumers and also increases social surplus.
• C) It increases prices for domestic consumers and lowers social surplus.
• D) It lowers prices for domestic consumers and also reduces social surplus.

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Definitions:

Freeholders

Historically, individuals who owned their land outright, without owing feudal duties or rents to a superior, often having specific political rights or privileges in their locality.

Suffrage

The entitlement to participate in political elections by casting a vote.

Popular Votes

The total number of votes cast by the electorate in an election, as opposed to electoral college votes or legislative votes.