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.

 Which of the following groups has an interest in restricting free trade? Workers producing goods for export. Communities depending on export goods for jobs Pro

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