The biggest risk that comes directly from a hands-on globalization policy is that
A) markets will fail.
B) losers in import-competing businesses get no assistance in adjusting.
C) government gives in to political pressure for protectionism.
D) jobs disappear in import-competing industries.
E) creative destruction causes poverty and misery before raising overall living standards.
Correct Answer:
Verified
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A) lower import tariffs for
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A) higher prices on products
Q175: Hands-off and hands-on economists agree about
A) how
Q176: Both the hands-off and hands-on positions agree
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