Author Question: What is an effective counter against the argument that international trade should be restricted to ... (Read 104 times)

naturalchemist

  • Hero Member
  • *****
  • Posts: 542
What is an effective counter against the argument that international trade should be restricted to protect domestic jobs?
 
  A) A more effective policy would be to support the industry with subsidies.
  B) The more diversified the economy, the more stable it is.
  C) Free trade increases the number of jobs in which workers earn higher incomes.
  D) Rent seeking behavior should be encouraged.
  E) Free trade in green goods will increase jobs.

Question 2

The figure above shows the market for annual influenza immunizations the United States. If the government does not intervene in this market, deadweight loss equals ________.
 
  A) 350 million
  B) 250 million
  C) 500 million
  D) 600 million
  E) 37.5 million


Laurenleakan

  • Sr. Member
  • ****
  • Posts: 309
Answer to Question 1

C

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

For a complete list of videos, visit our video library