In General,tariffs,quotas,and Other Barriers to Free Trade

In general,tariffs,quotas,and other barriers to free trade

A) never make sense and are difficult to justify under any circumstances.
B) protect specific interests at the expense of an overall loss of consumer welfare.
C) create incentives for protected firms and industries to become more efficient and productive.
D) are necessary if a country is to have a favorable balance of trade.
E) in the short run may hurt businesses but in the long run benefit a country as a whole.

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