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The two main reasons why international trade is restricted are that tariffs ______. A. protect infant industries from competition and protect national security B. save
The two main reasons why international trade is restricted are that tariffs ______. A. protect infant industries from competition and protect national security B. save jobs and allow domestic producers to compete with foreign firms that use cheap labour C. create tariff revenue and rent seeking is popular D. penalize lax environmental standards and protect defence industries Part 2 The countries that benefit most from tariff revenue are ______. A. developed countries B. countries involved in trade organizations but are separated by large distances C. developing countries D. countries involved in trade agreements such as NAFTA and the European Union Part 3 Canada still implements some trade restrictions because _______. A. the people who would lose from free trade would lose big and the people who gain, would gain a small amount. B. tariff revenue is the largest form of revenue earned by the Canadian government C. it is the best way to protect Canadian jobs D. rent seeking increases consumer surplus
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