1) The movement to free international trade is most likely to generate short-term unemployment in which industries? a. Industries in which there are neither imports nor exports b. Import-competing industries Industries that sell to domestic and foreign buyers d. Industries that sell to only foreign buyers C.

1) The movement to free international trade is most likely to generate short-term unemployment in which industries? a. Industries in which there are neither imports nor exports b. Import-competing industries Industries that sell to domestic and foreign buyers d. Industries that sell to only foreign buyers C.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter34: Globalization And Protectionism

Section: Chapter Questions

Problem 23RQ: Does international trade, taken as a whole, increase the total number of jobs, decrease the total...

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Similar questions

Why might Belgium, France, Italy, and Sweden have a higher export to GDP ratio than the United States?
Does international trade, taken as a whole, increase the total number of jobs, decrease the total number of jobs, or leave the total number of jobs about the same?
Who gains and who loses from trade?
In principle, the benefits of international trade to a country exceed the costs, no matter whether the country is importing or exporting. In practice, it is not always possible to compensate the losers in a country, for example, workers who lose their jobs due to foreign imports. In your opinion, does that mean that trade should be inhibited to prevent the losses?