Many economists ________ protectionism because it ________ consumers and ________ jobs in domestic industries that use protected products.
A) support; benefits; creates
B) criticize; causes losses to; eliminates
C) support; lowers prices for; raises wages for
D) criticize; unfairly rewards; relocates
Correct Answer:
Verified
Q162: The World Trade Organization (WTO)promotes foreign trade
Q163: a.Distinguish between a tariff and a quota.
b.In
Q164: Dumping refers to
A)selling inferior products to unsuspecting
Q165: Figure 7-5 Q166: In general,the costs tariffs and quotas impose Q168: One reason for the success that firms
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