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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Definitions:

Related Concepts

Ideas or notions that are connected or associated with each other through their characteristics or usage.

Automatic Thoughts

These are spontaneous, quick thoughts that often occur without conscious control, typically influenced by one's beliefs and prior experiences.

Deliberate Thoughts

The process of intentionally and consciously considering ideas or making decisions, often involving reflective thinking or planning.

Intentional

Something done with purpose or deliberation, not by accident or without meaning.