The Argument That Import Restrictions Save Jobs and Promote Prosperity

question 154

Multiple Choice

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.

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Definitions:

Snickers Bar

A popular brand of chocolate bar consisting of nougat, caramel, and peanuts, enrobed in milk chocolate, marketed by Mars, Incorporated.

Mars

The fourth planet from the Sun, known for its reddish appearance and subject of extensive research for possible past or present life.

Global Brand

A brand that is marketed under the same name in multiple countries with similar and centrally coordinated marketing strategies.

Centrally Coordinated

Managed or organized from a single, central point, typically referring to operations or strategies that are directed from a central position of authority.