What Is the Most Likely Reason That Consumers Rarely Protest

question 71

Multiple Choice

What is the most likely reason that consumers rarely protest import restrictions that raise the prices they pay for a specific product?

• A)They reason that if the import restrictions are removed, the foreign producers will raise their prices to those of the domestic producers anyway.
• B)Many countries prohibit consumers to band together to influence political actions.
• C)Typically, although the added costs to consumers for a given product are high in aggregate, they are fairly trivial for most individual consumers.
• D)They reason that if they do something to hurt domestic employment for one product, the displaced workers will then do something that will hurt their own employment.

---

Definitions:

Exchange Transaction

A trade or swap of goods, services, or financial assets in the business or financial markets.

Goodwill

An intangible asset that arises when a company is purchased for more than the fair market value of its net assets, often attributed to reputation, brand, or intellectual property.

Entire Business

The complete operational structure of a company, including all assets, liabilities, operations, and activities.

Natural Resources

Resources that occur naturally in the environment and are utilized for economic gain, such as water, minerals, forests, and fossil fuels.