Trade Restrictions Are Often Motivated by a Desire to Save

question 143

Multiple Choice

Trade restrictions are often motivated by a desire to save domestic jobs threatened by competition from imports.Which of the following counter-arguments is made by economists who oppose trade restrictions?

• A)Statistics show that trade restrictions actually do not save jobs.
• B)Consumers pay a high cost for jobs saved through trade restrictions.
• C)Trade restrictions have a limited impact because most Americans prefer domestic goods over imports.
• D)Trade restrictions benefit consumers in the short run but not in the long run.

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Definitions:

Chromosome

One of 46 rod-like molecules that contain 23 pairs of DNA found in every body cell and collectively contain all of the genes.

Rod-Shaped Structures

Physical formations or constructs that are long, slender, and cylindrical in shape.

Blueprint

A detailed plan or model that guides the making or construction of something.

Mitosis

A cell division process in which a single cell divides to produce two genetically identical daughter cells, crucial for growth, repair, and asexual reproduction.