Arguments for imposing trade restrictions include
A) the misallocation of international resources.
B) equalising a nation's balance of payments.
C) higher prices for consumers.
D) restriction of consumers' choices.
E) none of the above.

Question

Quizplus · Accepted Answer

Trade restrictions can be used to equalize a nation's balance of payments by reducing imports and encouraging domestic production, thus improving the trade balance.

Arguments for Imposing Trade Restrictions Include