Tariffs and quotas are often imposed when a government is more responsive to __________ interests,and the benefits of those trade restrictions are often __________.
A) consumer; concentrated
B) consumer; widely dispersed
C) producer; concentrated
D) producer; widely dispersed

Question

Quizplus · Accepted Answer

Tariffs and quotas are often imposed when a government is more responsive to producer interests, as these trade restrictions protect domestic producers from foreign competition. The benefits of these trade restrictions are often concentrated, as domestic producers are the main beneficiaries, while consumers bear the burden of higher prices.

Tariffs and Quotas Are Often Imposed When a Government Is