Answered

From an economic perspective, studies of the costs of trade barriers show that they:

A. are much less than benefits for domestic producers and workers.
B. are outweighed by the reduction in foreign competition provided by the barriers.
C. are about equal to the benefits from trade barriers.
D. far exceed their benefits for society.



Answer :

GinnyAnswer

Final answer:

Economic perspective on trade barriers: costs outweigh benefits in society.


Explanation:

From an economic perspective, studies show that the benefits of trade barriers are far outweighed by their costs for society. Although trade barriers may initially provide advantages for domestic producers and workers, the long-term negative impact on efficiency and consumer welfare is substantial. Economists generally advocate embracing the gains from trade and addressing any associated costs through other policy tools rather than imposing extensive trade barriers.


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