If international trade is restricted by the government of a country:
a. the domestic consumers are benefited.
b. the domestic producers are adversely affected.
c. the domestic consumers pay higher prices for imported goods.
d. the resources are equally distributed among domestic and foreign producers.
e. the resources are allocated to their highest paid uses.
c
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As long as both current and future consumption are normal goods, a decrease in the interest rate will result in a drop in savings.
Answer the following statement true (T) or false (F)
Although most large firms in the United States offer their employees health insurance, fewer than two-thirds accept it
Indicate whether the statement is true or false
How do open market operations work?
What will be an ideal response?
The ____ the demand curve for a good, the ____ the change in equilibrium quantity after a shift of the supply curve
a. flatter; greater b. flatter; smaller c. farther from the origin at every output level; greater d. farther from the origin at every output level; smaller