(Choose 1 answer)
(15907)The Ricardian model of international trade demonstrates that trade can be mutually beneficial.Why, then, do governments restrict imports of some goods?
A. Imports are only restricted when foreign-made goods do not meet domestic standards of quality.
B. Import restrictions are the result of trade wars between hostile countries.
C. Trade can have substantial effects on a country's distribution of income.
D. The Ricardian model is often incorrect in its prediction that trade can be mutually beneficial.
E. Restrictions on imports are intended to benefit domestic consumers.
Q: 12
