Suppose a Recent Study Shows That in Country A, Consumers

question 19

Essay

Suppose a recent study shows that in country A, consumers pay an average of about $169,000 per job per year maintained by import protection. Given that these employees earned much less than $169,000 per year, it would be much cheaper to simply pay these workers not to work and impose no import restrictions. Why do you think that, in spite of the fact that there is a net welfare loss, the government of country A has maintained these barriers?

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Definitions:

Society

A group of individuals involved in persistent social interaction, or a large social group sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.

Sequential Design

A research design in which participants or subjects are exposed to conditions in a sequential order to observe changes or effects over time.

Reasoning Abilities

Reasoning abilities refer to the cognitive skills that enable an individual to process information, draw conclusions, and make logical decisions.

Motor Abilities

Skills related to the movement and coordination of muscles and limbs.