The reason protectionism remains strong in the United States is that
A) economists can produce any result they are hired to produce.
B) economists cannot persuade the general public that free trade is beneficial.
C) economists do not really understand how the real world works.
D) the losses associated with protectionism are diffuse, making lobbying by the public impractical.
E) economists cannot agree on trade policy recommendations.
D
You might also like to view...
What information do you need to draw your budget line? What is your budget line? What does it show for any pair of goods?
What will be an ideal response?
The official reserve transactions balance in the United States balance of payments accounts is
a. reflects the difference between government spending and total taxes. b. negative if a current account deficit exceeds a capital account surplus. c. positive if a current account deficit exceeds a capital account surplus. d. none of the above