A sudden shift from import tariffs to free trade may induce short-term unemployment in
A) import-competing industries.
B) industries that are only exporters.
C) industries that sell domestically as well as export.
D) industries that neither import nor export.
Correct Answer:
Verified
Q2: Most of the world's population now lives
Q3: Which term describes the ability of a
Q4: What led to the sharp loss of
Q5: North Carolina produces sweet potatoes in its
Q6: Economic interdependence occurs through
A) trade.
B) protectionism.
C) war.
D)
Q8: International trade generally
A) decreases jobs.
B) generates income.
C)
Q9: Specialization is an advantage of
A) large-scale production.
B)
Q10: Which statement about globalization is true?
A) It
Q11: With globalization and import competition, U.S.prices generally
A)
Q12: The largest amount of trade with the
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