Trade barriers are politically popular because their benefits are widespread, wh
ID: 1195072 • Letter: T
Question
Trade barriers are politically popular because
their benefits are widespread, while their costs are highly concentrated.
people recognize their use as a negotiating tool in international relations.
their benefits are concentrated, while their costs are widespread.
they are a way to avoid trade wars and still protect domestic producers.
their benefits are widespread, while their costs are highly concentrated.
people recognize their use as a negotiating tool in international relations.
their benefits are concentrated, while their costs are widespread.
they are a way to avoid trade wars and still protect domestic producers.
Explanation / Answer
Generally govt uses trade barriers to protect the domestic industries from competition or when domestic industries are unable to face the competition from the foreign firms.
Hence correct answer is "they are a way to avoid trade wars and still protect domestic producers"
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