Which of the following groups has an interest in restricting
Which of the following groups has an interest in restricting free trade? Workers producing goods for export. Communities depending on export goods for jobs Producers in import-competing industries. Producers in export industries
Solution
Correct option is (3).
Free trade results in unrestricted imports. When price of imported goods is less than the domestic price, domestic consumers will buy more of the imported goods and less of the domestic goods, which will hurt the domestic import-competing industry. So, import-competing producers will prefer trade restrictions that increase domestic price of imported goods.
