Which of the following is an effective counter argument to the claim that protectionism saves domestic jobs?
A) Protectionism eliminates domestic jobs in export industries.
B) Imports create jobs in this country for people selling and servicing imported items.
C) The cost of saving domestic jobs through protectionism may be high.
D) all of the above
D
Economics
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In the aggregate demand and supply model, the:
a. vertical axis measures the average price level. b. horizontal axis measures real GDP. c. aggregate supply curve is vertical at full-employment real GDP. d. All of these.
Economics
Monopoly market structures may lead to lower prices than competitive markets in the presence of
a. price discrimination b. laissez-faire c. contestable markets d. substantial economies of scale e. countervailing power
Economics