Trade restrictions are often motivated by a desire to save domestic jobs threatened by competition from imports. Which of the following counter-arguments is made by economists who oppose trade restrictions?
A) Trade restrictions have a limited impact because most Americans prefer domestic goods over imports.
B) Consumers pay a high cost for jobs saved through trade restrictions.
C) Trade restrictions benefit consumers in the short run but not in the long run.
D) Statistics show that trade restrictions actually do not save jobs.
B
Economics
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A. never been above 0.1. B. sometimes been above 0.1. C. usually been above 0.1. D. always been above 0.1.
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