Which of the following is an effective counter argument to the claim that protectionism saves domestic jobs?
A) The cost of saving domestic jobs through protectionism may be high.
B) Imports create jobs in this country for people selling and servicing imported items.
C) Protectionism eliminates domestic jobs in export industries.
D) All of the above.
Correct Answer:
Verified
Q17: Of the groups listed below, which is
Q18: A tariff is
A) a tax on an
Q19: An import quota on sugar
A) decreases the
Q20: When Australia exports a good, Australian consumer
Q21: One reason that international trade is restricted
Q23: Some observers opposing free trade argue that
Q24: An import quota protects domestic producers by
A)
Q25: Tariffs and import quotas both result in
A)
Q26: If Australia imposes a tariff of $1
Q27: Australia has a comparative advantage in producing
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