Multiple Choice
One reason that international trade is restricted is that
A) the individual gain to parties who benefit from the protection will be much larger than the individual loss to parties who lose.
B) the government completely pays the losers from international trade for their losses.
C) protectionism benefits consumers.
D) the government cannot measure the cost of protectionism.
E) tariff revenue raises more income than income taxes in industrial countries.
Correct Answer:

Verified
Correct Answer:
Verified
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