When Overall Production Is Taken into Account, Trade Restrictions, Such

question 201

Multiple Choice

When overall production is taken into account, trade restrictions, such as those enacted by the Smoot-Hawley trade bill,

• A) save good paying jobs.
• B) neither create nor destroy jobs; they reallocate them.
• C) increase employment in the domestic industries that are most productive.
• D) reduce imports, without affecting the volume of exports.

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