Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506725
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
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Question
Chapter 18, Problem 5CQ
To determine
The imports and its impacts over the domestic jobs.
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“Imports destroy jobs; exports create them. The average American is hurt by imports and helped by exports.” Do you agree or disagree with this statement? Explain.
Why do countries often protect their economies from imports?
Any goods, raw materials, or services that are produced in one country and then sold to another country, this is called?
Chapter 18 Solutions
Economics: Private and Public Choice (MindTap Course List)
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- Why Japan is dependent on food import?arrow_forwardWhat are used to convince other governments to voluntarily limit their exports and are in effect export quotasarrow_forwardWhy not have State governments levy tariffs on imports, or tax other states' products. Would this be a sensible way to raise revenues? What are the advantages/disadvantages? Provide research support for your positions. Respond to at least two of your fellow students’ postings.arrow_forward
- When does a country become an exporter of a good?An importer?arrow_forwardTariffs reallocate income from consumers to producers. government to producers. producers to consumers. consumers to both producers and foreigners consumers to foreigners.arrow_forwardimport tariffs on steel decrease. a developer in chicago starts work on a new high rise. draw the change in steel market.arrow_forward
- focus on the protection of infant industries rationale for limiting imports. Do you agree or disagree with this rationale? why or why not?arrow_forwardAmerican firms outsource many jobs to other, lower cost countries. How can this outsourcing actually lead to increased employment here in the USA? How can there be any economic gains for a country from both importing and exporting the same good, like cars?arrow_forwardI’m for international trade, but not when it takes jobs from Americans. If the American worker can produce the product, Americans should not buy it from foreigners.” Do you agree with this statement?arrow_forward
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