According to a study conducted by Jagdish Bhagwati, Arvind Panagariya, and T. N. Srinivasan, the overall impacts of ________ in the U.S. economy are small because ________.
A) exchange rate volatility; the United States has a currency board
B) trade; it is a small percentage of the overall economy
C) tariffs; the effective tariff rate is zero
D) "dumping"; of monopoly power
E) outsourcing; less than 1 percent of the relevant job pool are leaving
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