uppose you are an economist advising the Canadian government as to whether to erect trade barriers for the protection of Canada's textile industry. You are likely to study the gains to be realized in this industry and weigh those against

Select one:

A.

the cost in terms of lower national income of Canada's trading partners.

B.

the lower factor prices that occur in competing domestic industries.

C.

the cost in terms of higher prices to Canadian consumers.

D.

the effect on factor incomes of Canada's trading partners.