Most economists believe that tariffs and import quotas usually reduce general economic welfare.?

Answer 1

this depends.. if an economy is trying to industrialise then it must protect its export industries and use import substitution industriliasation to facilitate heavy industry learning much like south korea and japan did after ww2. Most econmists look at industrialised nations when they talkabout free trade... forgetting that to developing nations free trade is a nightmare.. NO country has ever industrialised through free trade! look at China for example.. unlike Japan they opened up there markets to let multinationals in.. now in china they are desperate to keep wages low to keep the multinationals there... compared to Japan where they protected their companies.... how many japanese companies can you think of compared to chinese companies???

Answer 2

So what's the point of the statement?