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Using trade restrictions to protect special interests such as the U.S. auto industry

miks

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Using trade restrictions to protect special interests such as the U.S. auto industry

Question 1.

U.S. job losses cited by anti-trade critics

• are non-existent.

• affect only capital-intensive U.S. industries.

• are mostly due to poor training by U.S. firms.

• are mostly a short-term problem in isolated industries.

Question 2.

Using trade restrictions to protect special interests such as the U.S. auto industry

• is a very cost-efficient way of dealing with trade problems.

• raises the prices that U.S. consumers must pay for autos.

• results in lower prices for U.S. auto consumers.

• is the best long-term solution for threatened U.S. jobs.

Textbook

Economics Today: The Micro View

Edition: 19^th

Author: Miller

Read 43 times

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shamanie

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