Since individual consumers do not know how much of the price they ...

[SGallaher96]

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

[ghepp]

Answer to Question 1

True

Answer to Question 2

True

[SGallaher96]

Thanks for the timely response, appreciate it

[Missbam101]

YES! Correct, THANKS for helping me on my review