Jobs in the U.S. textile industry can be saved by imposing tariffs upon textiles imported into the U.S., but the cost to U.S. consumers is estimated to be approximately

A. $49,000 annually per job saved.
B. $23,000 annually per job saved.
C. $94,000 annually per job saved.
D. $148,000 annually per job saved.


Answer: D

Economics

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Using the data in the above table, if the price of an hour of labor is $20 and the price of a unit of capital is $10, then the most economically efficient technique for producing 100 sweaters is

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Why is the U.S. putting less emphasis on multilateral and more emphasis on bilateral trade agreements?

What will be an ideal response?

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