Answered

Welcome to Westonci.ca, where your questions are met with accurate answers from a community of experts and enthusiasts. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

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.

Sagot :

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.


Learn more about Trade barriers here:

https://brainly.com/question/29767688


Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.