Answered
Which of the following statements is true about the alleged benefits and adverse effects of trade barriers?
A) The alleged benefits like "saved jobs" are limited to a narrow sector of the economy and clearly seen by the general public, while the adverse effects tend to be obscure and dispersed.
B) The general public does not have much interest in trade and trade barriers because their effects are very small.
C) The alleged benefits of trade barriers tend to be spread over the whole economy, while their adverse effects are narrow and concentrated on a small sector.
D) The U.S. does not really have any significant trade barriers. That's why there is not much debate about them.
On Sep 22, 2024