c) Impacts

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Last updated 6:16 PM on 10/11/26
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4 Terms

1
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  • protectionist policies impact consumers by impacting…


  • market price

  • product quality

  • product variety


2
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  • protectionist policies impact producers by impacting…


  • demand

  • market price

  • production costs


3
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  • protectionist policies impact the government by impacting…


  • tax revenue

  • administrative costs

  • foreign relations and retaliation


4
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  • protectionist policies impact living standards by impacting…


  • wages

  • employment

  • purchasing power