Which of the following is an explanation for the existence of trade restrictions?
A. Tariffs generate revenue for the government.
B. rent seeking
C. inefficient quotas
D. Both answers A and B are key explanations.
Answer:D
Which of the following is an explanation for the existence of trade restrictions?
A. Tariffs generate revenue for the government. B. rent seeking C. inefficient quotas D. Both answers A and B are key explanations.