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(Choose 1 answer)
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.
FUD finish the exam.
