Which of the following is NOT a frequently cited reason for restricting trade with other countries?

• A. To safeguard national security interests
• B. To increase consumer choice and lower prices
• C. To prevent dumping of foreign goods at below-market prices
• D. To protect domestic jobs from foreign competition

Answer: (B)

Verified step by step guidance

1. Step 1: Understand the context of trade restrictions. Countries often impose trade restrictions to protect certain economic or political interests.
2. Step 2: Identify common reasons for restricting trade, such as safeguarding national security, preventing dumping (selling goods below market prices to undermine local producers), and protecting domestic jobs from foreign competition.
3. Step 3: Recognize that increasing consumer choice and lowering prices are typically benefits of free trade, not reasons to restrict trade.
4. Step 4: Compare each option to these common reasons and determine which one does not align with the typical motives for trade restrictions.
5. Step 5: Conclude that 'To increase consumer choice and lower prices' is NOT a frequently cited reason for restricting trade, as it contradicts the usual goals of trade barriers.