The popularity of trade restrictions, tariffs, and quotas often reflects that
Oa. the benefits are felt domestically, while the secondary effects only negatively impact other nations.
O b. there are very few secondary effects generated by trade restrictions
O c. the benefits of "jobs saved" are greater than the costs of other jobs that may be lost due to the restrictions.
O d. the immediate benefits are highly visible, while the secondary effects of lost jobs in other industries are less visible.

Question

24-01-2022
Business

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The popularity of trade restrictions, tariffs, and quotas often reflects that
Oa. the benefits are felt domestically, while the secondary effects only negatively impact other nations.
O b. there are very few secondary effects generated by trade restrictions
O c. the benefits of "jobs saved" are greater than the costs of other jobs that may be lost due to the restrictions.
O d. the immediate benefits are highly visible, while the secondary effects of lost jobs in other industries are less visible.

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Parrain Parrain · Answer 1 · 2022-01-27T12:15:34+01:00

The reason that trade restrictions are so popular is that d. the immediate benefits are highly visible, while the secondary effects of lost jobs in other industries are less visible.

Why are trade restrictions imposed?

To encourage domestic production.
To encourage people to buy more domestic goods and services.

When restrictions are first imposed, those it benefits feel the impact relatively quickly. This is why politicians love to impose such restrictions to gain popularity. They don't take into account the jobs that trade brings which will be lost thanks to those restrictions.

In conclusion, option D is correct.

Find out more on trade restrictions at https://brainly.com/question/3786082.