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The government officials who make decisions about import restrictions are particularly sensitive to their country's broad population of consumers, who will be hurt by international competition?

User David Vrba
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Final answer:

The conversation pertains to the reasons behind government import restrictions, such as protecting jobs, the environment, and national security, and their consequences on consumers and domestic firms.

Step-by-step explanation:

The question addresses the impact of international trade and import policies on a nation's economy and its population. Government officials may impose import restrictions to protect their country's national interests, like safeguarding domestic jobs, national security, or environmental standards.

When governments implement policies to restrict imports, through tariffs, quotas, or outright bans, they are often influenced by various fears such as job loss, environmental degradation, or over-reliance on vital imported goods like oil.

These protectionist measures can benefit domestic firms that compete with the imports and the workers within those firms. However, consumers who have a preference for imports may suffer from higher prices or lack of access to foreign goods.

Understanding the demand and supply model's application in international trade is crucial to comprehend the full impacts of such trade policies.

User Ross Dargan
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