Trade barriers are politically popular because
A) they are a way to avoid trade wars and still protect domestic producers.
B) people recognize their use as a negotiating tool in international relations.
C) their benefits are widespread, while their costs are highly concentrated.
D) their benefits are concentrated, while their costs are widespread.
D
You might also like to view...
The coefficient of determination measures the proportion of the variation in the independent variable that is "explained" by the regression line
a. true b. false
Members of the Board of Governors of the Fed are
a. elected to two-year terms by the Electoral College. b. appointed by the president for four-year terms and confirmed by the Congress. c. appointed by the president for 14-year terms and confirmed by the Senate. d. appointed by the president for 14-year terms and confirmed by the Supreme Court.
A price ceiling is always a binding price control, whereas a price floor may be either binding or not binding
a. True b. False Indicate whether the statement is true or false
A competitive firm should always continue to operate in the short run as long as
A. P < ATC. B. MR > MC. C. MR > AVC. D. P < AVC.