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.
Correct Answer:

Verified
Correct Answer:
Verified
Q138: If Norwegian workers are more productive than
Q139: The "Buy American" provision in the 2009
Q140: Many economists _ protectionism because it _
Q141: Table 7-6<br>Output per hour Production and Production<br>of
Q142: Table 7-6<br>Output per hour Production and Production<br>of
Q144: The ability of a firm or country
Q145: Figure 7-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 7-1
Q146: In 1995,the General Agreement on Tariffs and
Q147: A consequence of increasing marginal costs of
Q148: Members of Congress promising to support each