When overall production is taken into account, trade restrictions, such as those enacted by the Smoot-Hawley trade bill,

a. save good paying jobs.
b. neither create nor destroy jobs; they reallocate them.
c. increase employment in the domestic industries that are most productive.
d. reduce imports, without affecting the volume of exports.


B

Economics

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Taxes change behavior for all of the following reasons except they:

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Economics

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Economics