It Has Been Suggested That in Order to Protect U

Multiple Choice

It has been suggested that in order to protect U.S. jobs we need to restrict foreign competition by restricting imports.

A) This is a sound economic statement since the U.S. will still export protecting U.S. jobs.
B) This is a sound economic statement since U.S. firms will have to increase output to make up for the lack of imports leading to increase employment in the U.S.
C) This is not a sound economic statement since employment in the U.S. does not depend on imports and exports.
D) This is not a sound economic statement since import restrictions lead to a reduction in employment in the export industries of the U.S.