It Has Been Suggested That in Order to Protect U

question 223

Multiple Choice

It has been suggested that in order to protect U.S. jobs we need to restrict foreign competition by restricting imports.

• A) This is a sound economic statement since the U.S. will still export protecting U.S. jobs.
• B) This is a sound economic statement since U.S. firms will have to increase output to make up for the lack of imports leading to increase employment in the U.S.
• C) This is not a sound economic statement since employment in the U.S. does not depend on imports and exports.
• D) This is not a sound economic statement since import restrictions lead to a reduction in employment in the export industries of the U.S.

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