Answered

IDNLearn.com offers a unique blend of expert answers and community-driven knowledge. Get accurate and comprehensive answers from our network of experienced professionals.

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 :

GinnyAnsweridn

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


Thank you for joining our conversation. Don't hesitate to return anytime to find answers to your questions. Let's continue sharing knowledge and experiences! Find reliable answers at IDNLearn.com. Thanks for stopping by, and come back for more trustworthy solutions.