Which of the following is a reason for the success that firms have in getting the government to erect barriers to foreign competition?
A) The costs from free trade are greater than the benefits.
B) The jobs lost to foreign competition are easy to identify but jobs created by foreign trade are often hard to identify.
C) People who benefit from foreign trade tend not to vote in elections; people who are harmed by foreign trade are much more likely to vote.
D) Firms that are harmed by trade barriers have less money to lobby government officials to eliminate the barriers than do firms that benefit from trade barriers.
B
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U.S. exports tend to decrease when
A. foreign GDPs are rising. B. the inflation rate in the United States is lower than the inflation rates in other countries. C. U.S. prices are low relative to those in the rest of the world. D. economic activity abroad is decreasing.
Only interest payments account for the majority of total federal spending
a. True b. False Indicate whether the statement is true or false
The defining characteristic of a natural monopoly is
a. constant marginal cost over the relevant range of output. b. economies of scale over the relevant range of output. c. constant returns to scale over the relevant range of output. d. diseconomies of scale over the relevant range of output.
Income taxes and transfer payments...
What will be an ideal response?