Question: According to various studies, how do trade protections, such as tariffs and quotas, tend to affect domestic society? Multiple select question. A few producers benefit,
According to various studies, how do trade protections, such as tariffs and quotas, tend to affect domestic society? Multiple select question. A few producers benefit, but most suffer devastating losses. Some trade protections increase government revenues. The cost to consumers and society exceeds the gains to producers and the government. Consumers and government benefit while producers experience dwindling profits
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