According to public choice theory, 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 special interest groups.
D) political desire for economic efficiency.

Question

Quizplus · Accepted Answer

Public choice theory suggests that trade restrictions like tariffs and quotas are often implemented due to the influence of special interest groups that benefit from these protections, rather than for the overall economic efficiency or consumer benefit.

According to Public Choice Theory, Tariffs, Quotas, and Other Trade