Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 3 - Part I - Interdependence and the Gains from Trade - Questions for Review: 6

Answer

Economists oppose policies that restrict trade among nations when trade among others countries can harm the market of other countries.

Work Step by Step

Furthermore, political issues can be considered in this restrictions, such as war or inter conflicts countries could have. Sometimes, the quality could also be an important factor in restrictions between countries.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.