Import restrictions
A) can protect United States jobs in the protected industry, which increases economic welfare of the country as a whole.
B) can protect United States jobs in the protected industry but will also lead to job reductions in other export industries.
C) hurt people who work in importing companies, but makes consumers better off.
D) cannot protect American jobs in any sector of the economy.
Answer: B
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A) $25 B) $36 C) $60 D) $95
When you borrow money from a bank, your bank charges you interest on the loan to compensate for all of the following except
A) inflation. B) liquidity risk. C) the risk of default. D) the opportunity cost of other uses for the loaned money.