The reason tariffs and especially non-tariff barriers remain high in many sectors of developed countries is that a. economists cannot agree on trade policy recommendations. b. economists cannot persuade the general public that free trade is beneficial. c. none of the given answer options is correct. d. the losses associated with protectionism are diffuse, making lobbying by the public impractical. e. economists do not really understand how the real world works.
Added by Kyle S.
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Tariffs are taxes imposed on imported goods, making them more expensive and less competitive in the domestic market. Non-tariff barriers, on the other hand, are regulations, standards, and other measures that restrict imports without necessarily imposing a Show more…
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