A government raises the import quota for cars. What is the most likely result of this?
- Ajobs will be created in the domestic car industry
- Bprices of cars will fall for domestic consumers
- Cspecialisation is reduced
- Dtrading partners will retaliate
Economics 9708 · AS & A Level · Protectionism
A government raises the import quota for cars. What is the most likely result of this?