Which of the below statements does NOT reflect the ideas of Trade and Globalization. In short, with which of the below statements would DISAGREE?  Group of answer choices   Productivity is what makes us rich. Specialization is what makes us productive.   Protectionism saves jobs in the short run and slows down economic growth in the long run.   It does not make economic sense for us to raise a cow and slaughter it for meat and thus not to have to pay the butcher, because raising a cow would take up time and resources that we can  put to other better uses if we buy the meat from the butcher.   Abraham Lincoln, whe advised to buy cheap iron rails from Britain to finish the transcontinental railroad, is supposed to have responded thus: "It seems to me that if we buy the rails from England, then we've got the rails and they've got the money. But if we build the rails here, we've got our rails and we've got our money

Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
ChapterST10: The Question Of Resource Exhaustion
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This is not a writing assignment, this is a multiple-choice question

 

Which of the below statements does NOT reflect the ideas of Trade and GlobalizationIn short, with which of the below statements would DISAGREE? 

Group of answer choices

 

Productivity is what makes us rich. Specialization is what makes us productive.

 

Protectionism saves jobs in the short run and slows down economic growth in the long run.

 

It does not make economic sense for us to raise a cow and slaughter it for meat and thus not to have to pay the butcher, because raising a cow would take up time and resources that we can  put to other better uses if we buy the meat from the butcher.

 

Abraham Lincoln, whe advised to buy cheap iron rails from Britain to finish the transcontinental railroad, is supposed to have responded thus: "It seems to me that if we buy the rails from England, then we've got the rails and they've got the money. But if we build the rails here, we've got our rails and we've got our money."

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