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.

---

Definitions:

Void

Describes a contract or legal agreement that has no legal force from the outset and cannot be enforced.

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the relevant parties to be enforceable.

20th Century

A historical period spanning from January 1, 1901, to December 31, 2000, known for significant technological, political, and social changes.

Enacted

A term referring to laws that have been officially made by a legislative body and have become effective.