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 volume
Correct Answer:
Verified
Q18: The United States was less open to
Q22: Following World War II,The U.S.:
A) became less
Q23: Opening the economy to international trade tends
Q24: During the last century,the relative importance of
Q25: A closed economy is one in which:
A)
Q26: Foreign ownership of U.S.financial assets
A) Has decreased
Q28: The United States exports a larger percentage
Q29: Small countries tend to have higher measures
Q32: Studies have shown that there is an
Q60: Although free trade provides benefits for consumers,
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