What is the relationship between imports and employment?
What will be an ideal response?
There is no causal link between imports and unemployment. In many cases unemployment falls when imports increase. Industries that have lost the most employment over the last forty years have been industries that were protected by tariffs and quotas. Protecting one industry usually means some export industry will see a decline.
You might also like to view...
In the above figure, the initial supply of loanable funds curve is SLF0 and the demand for loanable funds investment curve is DLF0. An increase in the real interest rate to 7 percent could be caused by
A) an increase in investment demand. B) a decrease in the expected profit. C) an increase in people's disposable incomes. D) an expansion that increased both saving and investment by the same amount.
In November 2008, Grand Canyon Education chose to finance expansion by offering ownership in its firm. These owners of Grand Canyon Education the are entitled to a share of the firm's profits. This financing is an example of ________
A) a mortgage B) a bond C) issuing stock. D) gross investment