When overall production is taken into account, trade restrictions, such as those enacted by the Smoot-Hawley trade bill,
What will be an ideal response?
neither create nor destroy jobs; they reallocate them.
Economics
You might also like to view...
Arguments for Protectionism
Economics
In the money market, a condition of excess supply of money can be eliminated by a ________ in aggregate output or a ________ in the interest rate, everything else held constant
A) rise; rise B) rise; fall C) fall; rise D) fall; fall
Economics
Compensatory damages are meant to reimburse for:
a. actual losses, economic in nature b. actual losses, noneconomic in nature c. the wrongful behavior causing injury d. all of the above e. a and b only
Economics
It is relatively easy for firms to enter and exit a perfectly competitive market
a. True b. False Indicate whether the statement is true or false
Economics