Chapter 34: Q.4RQ. (page 807)
Why is bar chart the best way to illustrate comparisons?
Bar chart is the best way to illustrate comparisons.
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Is international trade likely to have roughly the same effect on the number of jobs in each individual industry?
Trade has income distribution effects. For example, suppose that because of a government-negotiated reduction in trade barriers, trade between Germany and the Czech Republic increases. Germany sells house paint to the Czech Republic. The Czech Republic sells alarm clocks to Germany. Would you expect this pattern of trade to increase or decrease jobs and wages in the paint industry in Germany? The alarm clock industry in Germany? The paint industry in Czech Republic? The alarm clock industry in Czech Republic? What has to happen for there to be no increase in total unemployment in both countries?
How would direct subsidies to key industries be preferable to tariffs or quotas?
What are the conditions under which a country may use the unsafe products argument to block imports?
Is it legitimate to impose higher safety standards on imported goods that exist in the foreign country where the goods were produced?
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