Economists Are Generally Opposed to Tariffs or Other Restrictions on Imported

question 159

Multiple Choice

Economists are generally opposed to tariffs or other restrictions on imported goods because of the negative secondary effects they create that more than offset the benefits to employment in the domestic industry. Which of the following could be considered a secondary effect of these trade restrictions?

• A) The price to consumers of the good in question will be higher as a result of the restriction, meaning consumers will be worse off.
• B) As consumers must spend more money to purchase the good, there will be employment losses in other domestic industries as consumers cut back on their spending on other things.
• C) Because there is a link between a country's imports and its exports, less imports from other countries will result in lower domestic employment in export industries.
• D) All of the above.

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Definitions:

Night

The period from sunset to sunrise, characterized by darkness.

Bid

An abbreviation for "bis in die," which is Latin for twice a day; often used in medical prescriptions.

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Personal Computer, a general-purpose electronic device designed to be used by an individual, typically for conducting tasks that require computing capability.

Sig

An abbreviation for "signatura" used in medical prescriptions, indicating the directions for the patient's use of the medication.