A Major Effect of Trade Barriers Such as Tariffs,quotas,and Nontariff

A major effect of trade barriers such as tariffs,quotas,and nontariff barriers is that:

A) aggregate social welfare is increased by keeping wealth within the country.
B) consumers lose from higher prices,while import-competing producers benefit.
C) export-oriented producers are supported,while there is no effect on consumers.
D) states are no longer allowed to be members of the World Trade Organization.

Correct Answer:

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