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14-02-2020
Business

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The problem with the protection-as-a-bargaining-chip argument for trade restrictions is A. if it fails the country faces a choice between two bad options. B. if it works producer surplus falls. C. if it fails total surplus will increase. D. if it works consumer surplus will decline.

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15-02-2020

Answer:

A. if it fails the country faces a choice between two bad options.

Explanation:

It claims as a threat that the trade restriction can help remove a trade restriction is already been imposed by a foreign government and lead to the reduction of its own economic welfare.

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