Author Question: Which of the following is a reason for the success that firms have in getting the government to ... (Read 51 times)

ericka1 · **on:** Jun 29, 2018

Which of the following is a reason for the success that firms have in getting the government to erect barriers to foreign competition?

A) The costs from free trade are greater than the benefits.
B) The jobs lost to foreign competition are easy to identify but jobs created by foreign trade are often hard to identify.
C) People who benefit from foreign trade tend not to vote in elections; people who are harmed by foreign trade are much more likely to vote.
D) Firms that are harmed by trade barriers have less money to lobby government officials to eliminate the barriers than do firms that benefit from trade barriers.

Question 2

Because of the productivity slowdown in the United States from the mid-1970s through the mid-1990s,

A) the standard of living increased in the United States.
B) real GDP per capita grew more rapidly.
C) real GDP per capita grew more slowly.
D) the standard of living did not change.