Economists Agree That Trade Ought to Be Restricted If Free

question 133

True/False

Economists agree that trade ought to be restricted if free trade means that domestic jobs might be lost because of foreign competition.

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Definitions:

Housing Cost

The expense associated with acquiring, maintaining, or renting a residence.

Contract Remedies

Legal solutions available to a party of a contract when the opposing party has breached the agreement.

Contract Frustration

A legal doctrine which releases both parties from their contractual obligations due to unexpected events that render the contract impossible to fulfill.

Prize Horse

A highly valued or award-winning horse often recognized in competitive events or breeding.