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trade restriction

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When a country imposes a trade restriction on certain products, say in the form of import tariffs for the sake of protecting domestic industries againts competing foreign products, is trade still a win-win game? Why? Why not?

Who are the likely winners and losers within the country? Why?

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Yes, it is a win-win situation because foreign companies still get to explore the market opportunities ...

Solution Summary

When a country imposes a trade restriction on certain products, say in the form of import tariffs for the sake of protecting domestic industries againts competing foreign products, is trade still a win-win game? Why? Why not?

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