Arguments for free trade are sometimes disregarded by politicians because ?
Correct answer: B. Maximizing consumer welfare may not be a chief priority
- A. Maximizing domestic efficiency is not considered imports
- B. Maximizing consumer welfare may not be a chief priority
- C. There exist sound economic reasons for keeping one's economy isolated from other economies
- D. Economists tend to favor high protected domestic markets
Explanation
Politicians may give greater weight to organized domestic producers and visible jobs than to the broader but less politically organized gains consumers receive from cheaper imports. Thus consumer welfare is not always their chief priority.
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