Which Statements About Who Benefits and Pays the Cost of Protectionism

Multiple Choice

Which statements about who benefits and pays the cost of protectionism are true?

A) Although the global economy is moving toward more free trade, it is mixed with protectionism because international trade policy is driven by domestic politics.
B) Society pays the cost of protectionism through decreased efficiency in the allocation and utilization of the country's resources.
C) Society benefits through the government collecting more taxes though keeping foreign goods out of the country.
D) Consumers pay higher prices, with fewer product choices, to finance business profits and employee wages.
E) Isolationism and protectionism tend to work against each other.