Asked by
V3ngeful Emp3ror
on Dec 12, 2024
Verified
The argument that import restrictions save jobs and promote prosperity fails to recognize that
A) there are no secondary effects of import restrictions.
B) import restrictions will lower prices in the protected industries.
C) import restrictions cannot create jobs in any industries.
D) U.S. imports provide people in other countries with the purchasing power required for the purchase of U.S. exports.
Import Restrictions
Government-imposed limits or tariffs on the number or value of goods that can be imported into a country, typically to protect domestic industries.
Purchasing Power
The worth of a currency depicted by the quantity of goods or services that can be purchased with one unit of the currency.
- Develop an understanding of the primary ideas and debates associated with globalization and free trade.
- Discuss the concept of dumping and its impact on international trade.
Verified Answer
OM
Learning Objectives
- Develop an understanding of the primary ideas and debates associated with globalization and free trade.
- Discuss the concept of dumping and its impact on international trade.