Which of the following is a fallacy of international trade?
A) Trade is a zero-sum activity.
B) Exports increase employment in exporting industries.
C) Import restrictions increase employment in import-competing industries.
D) Tariffs and quotas reduce trade.
Correct Answer:
Verified
Q19: Following World War II, the U.S.
A) became
Q20: A primary reason why nations conduct international
Q21: Economists who suggest that the United States
Q22: Exporting firms in the United States typically
A)
Q23: The phrase "When the United States sneezes,
Q25: During the 1950s, General Motors (GM) was
Q26: As an economy opens up to international
Q27: The openness ratio is measured by a
Q28: Economists have generally found that economic growth
Q29: Multilateral trade negotiations have led to
A) continued
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