Author Question: Since individual consumers do not know how much of the price they pay for a commodity is due to ... (Read 347 times)

SGallaher96 · **on:** Jun 30, 2018

Since individual consumers do not know how much of the price they pay for a commodity is due to protection, consumers rarely lobby their political representatives to eliminate protection and reduce prices.
a. True
b. False
Indicate whether the statement is true or false

Question 2

While it is possible to erect barriers to foreign competition and save domestic jobs, restricting international trade may impose large costs on an economy.
a. True
b. False
Indicate whether the statement is true or false