Workers in Industries Protected by Tariffs and Quotas Are Likely

question 95

Multiple Choice

Workers in industries protected by tariffs and quotas are likely to support these trade restrictions because

• A)they do not want to offend their employers who want them.
• B)politicians lobby to convince workers the restrictions will make them better off.
• C)they believe the restrictions will protect their jobs.
• D)they don't understand that the restrictions will threaten their jobs.

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Definitions:

Work Effect

The impact on labor supply and productivity due to changes in economic policies or conditions.

Basic Assumption

An underlying principle or idea that is accepted as true without proof, forming the basis for further reasoning or behavior.

Level Of Investment

The amount of spending by businesses on capital goods, such as factories and machinery, which can influence economic growth.

Keynes

Refers to John Maynard Keynes, an economist famous for his ideas that in times of low demand, public sector investments are critical to economic stability and growth.