Public choice theory indicates that tariffs, quotas, and other trade restrictions are primarily the result of the
A) political clout of foreigners.
B) political clout of domestic consumers.
C) political power of the special interest groups.
D) attractiveness of sound economic policies to elected political officials.

Question

Quizplus · Accepted Answer

Public choice theory suggests that trade restrictions are often implemented due to the influence and lobbying of special interest groups that benefit from such policies, rather than the broader public interest.

Public Choice Theory Indicates That Tariffs, Quotas, and Other Trade