Which of the Following Statements About Economists' Assessment of Protectionism

question 1

Multiple Choice

Which of the following statements about economists' assessment of protectionism is true?

• A) The costs and benefits of trade barriers are essentially equal.
• B) The benefits of trade restrictions exceed their cost.
• C) The costs of trade barriers exceed their benefits and generally result in inefficiency.
• D) It is not possible to estimate the costs of protection.

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