Of the arguments for limiting trade, which one is the most appealing to economists?
A. protecting the jobs of citizens
B. protecting the profits of companies
C. preventing other countries from getting a comparative advantage by their use of child labor
D. helping an industry that is in trouble
Answer: C
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Suppose the Fed announces that it expects interest rates to fall in the next quarter. What happens to the demand for money today?
A) The precautionary demand for money goes up. B) The speculative demand for money goes up. C) The transaction demand for money goes down. D) The speculative demand for money goes down.
The direct cause of the hyperinflation that plagued Zimbabwe in the 2000s is ________
A) printing of too much money by the central bank B) government expenditures greatly above revenues C) outlawing of price increases on many commodities D) allowing the use of foreign currencies E) the issuance of a $100 billion bank note