Question

Trade restrictions Group of answer choices Reduce the gains from trade for the country as a whole. Increase the gains from trade for poor countries. Reduce the number of hours employees must work. Increase the standard of living for the country as a whole.

Answer 1

reduce the gains from trade for the country as a whole.

Step-by-step explanation:

The theories of the international trade recommended that the trade restrictions do not permit the country to distribute its resources in the case when there is a competitive advantge. Due to this, the consumer lost because of the higher prices and also the producer would continue to exhibit the productivity that would be poor. In addition to this, there is a loss to loss situation.

Therefore as per the given situation, the first option is correct