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Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow
Edition 14ISBN: 978-1337794985Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow
Edition 14ISBN: 978-1337794985 Exercise 8
"Getting more Americans to realize that it pays to make things in the United States is the heart of the competitiveness issue." (This is a quote from an American business magazine.)
a. Would Americans be better off if more of them paid higher prices in order to "buy American" rather than purchase from foreigners? Would U.S. employment be higher? Explain.
b. Would Californians be better off if they bought goods produced only in California? Would the employment in California be higher? Explain.
a. Would Americans be better off if more of them paid higher prices in order to "buy American" rather than purchase from foreigners? Would U.S. employment be higher? Explain.
b. Would Californians be better off if they bought goods produced only in California? Would the employment in California be higher? Explain.
Explanation
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a. Trade is one of the most important so...
Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow
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