One reason that international trade is restricted is that

A) the individual gain to parties who benefit from the protection is much larger than the individual loss to parties who lose.
B) the government completely pays the losers from international trade for their losses.
C) protectionism benefits consumers.
D) the government cannot measure the cost of protectionism.

A

Economics

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What determines whether the industry long-run supply curve is upward sloping or horizontal?

What will be an ideal response?

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The profit-maximizing firm's output will be about


A. 450.
B. 500.
C. 550.
D. 625.

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