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Author Question: Which of the following is an effective counter argument to the claim that protectionism saves ... (Read 109 times)

rosent76

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on: Jun 29, 2018
Which of the following is an effective counter argument to the claim that protectionism saves domestic jobs?
 
  A) Protectionism eliminates domestic jobs in export industries.
  B) Imports create jobs in this country for people selling and servicing imported items.
  C) The cost of saving domestic jobs through protectionism may be high.
  D) all of the above

Question 2

In the table above, the market is in equilibrium. Then a minimum wage is set at 11 per hour. The number of workers who lose their jobs will be
 
  A) 0.
  B) 1 million.
  C) 3 million.
  D) 5 million.


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brittanywood

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


rosent76

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Reply #2 on: Jun 29, 2018
Thank you :)


brittanywood

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Reply #3 on: Jun 29, 2018
Happy to help you


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