Macroeconomics: Private and Public Choice
15th Edition
ISBN: 9781285453545
Author: Russell Sobel; Richard Stroup; James Gwartney; David Macpherson
Publisher: South-Western College Pub
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Question
Chapter 18, Problem 5CQ
To determine
The imports and its impacts over the domestic jobs.
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Students have asked these similar questions
“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
Macroeconomics: Private and Public Choice
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Similar questions
- 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_forwardfocus on the protection of infant industries rationale for limiting imports. Do you agree or disagree with this rationale? why or why not?arrow_forward
- American 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_forwardWhat does Mexico import?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
- Both the United States and global economies are booming. Will U.S. imports and/or exports increase?arrow_forwardSupporters of import restrictions and protectionist policies place greater weight on producer welfare than on consumer welfare." Comment.arrow_forwardWhat are the Relationship between Foreign Resource and importarrow_forward
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