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:

Psychoticism

A personality pattern typified by aggressiveness, impersonality, impulsivity, and a lack of empathy, often associated with the risk for developing psychotic disorders.

Impulse Control

The ability to resist or delay an impulse, drive, or temptation to act and involves self-regulation and self-control.

Erg

In psychology, often related to the concept of ergs as basic human drives or motivations.

Sentiments

Sentiments refer to complex emotional states that combine feelings, thoughts, and attitudes, often directed towards people, objects, or concepts.