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:

Community

A group of interacting organisms sharing an environment, often considered within the context of ecological studies of how various species relate to each other within a shared space.

Niche

The role or function of an organism or species within an ecosystem, including its habitat, resource use, and contributions to its community.

Ecosystem

An ecosystem is a community of living organisms in conjunction with the nonliving components of their environment, interacting as a system.

Habitat

The natural environment in which an organism lives, grows, and thrives.