Chapter 21: Q 3. (page 521)
Explain how trade barriers save jobs in protected industries, but only by costing jobs in other industries.
Short Answer
Because trade barriers affect other industries.
Chapter 21: Q 3. (page 521)
Explain how trade barriers save jobs in protected industries, but only by costing jobs in other industries.
Because trade barriers affect other industries.
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Get started for freeWhat are some examples of innovative products
that have disrupted their industries for the better?
Who does protectionism protect? From what does
it protect them?
What is the national interest argument for protectionism with regard to certain products?
Economists sometimes say that protectionism is
the โsecond-bestโ choice for dealing with any particular problem. What they mean is that there is often a policy choice that is more direct or effective for dealing with the problemโa choice that would still allow the benefits of trade to occur. Explain why protectionism is a โsecond-bestโ choice for:
a. helping workers as a group
b. helping industries stay strong
c. protecting the environment
d. advancing national defense
How does international trade affect the working conditions of low-income countries?
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