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From a practical perspective, trade restrictions are often placed because: the World Trade Organization supports restrictions. the United Nations mandates restrictions. losses from implementing the
From a practical perspective, trade restrictions are often placed because:
the World Trade Organization supports restrictions.
the United Nations mandates restrictions.
losses from implementing the restrictions are diffused among many buyers, while gains from restrictions are concentrated among several groups of workers and producers.
buyers are altruistic and want to see domestic jobs protected.
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