Asked by Samantha Hicks on May 19, 2024

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The motive for the erecting trade barriers to import goods and services from abroad is to

A) improve economic efficiency in that nation.
B) protect and benefit special interest groups in that nation.
C) reduce the prices of the goods and services produced in that nation.
D) expand the export of goods and services to foreign nations.

Trade Barriers

Trade barriers are government-induced restrictions on international trade, including tariffs, quotas, embargoes, or stringent regulations, intended to protect domestic industries.

Special Interest Groups

Organizations or groups of individuals that advocate for specific political or policy goals.

Import Goods

Products brought into a country from abroad for sale, typically to meet domestic demand for goods that are not produced locally.

  • Examine the strategic motivations for trade protectionism and its effects on national industries.
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SF
Sophia FieldMay 22, 2024
Final Answer :
B
Explanation :
Erecting trade barriers is aimed at protecting domestic industries and special interest groups such as labor unions and producers, rather than promoting economic efficiency. It may lead to higher prices and decreased competition, which benefits the protected industries, but not necessarily the overall economy.