Which of the below statements BEST captures the expressed views of the author, Charles Wheelan, in chapter 8, "Power of Organized Interests," in the book, Naked Economics? A) In the 15th century China's rulers banned long sea-voyage trade ventures, a decision which propelled China into rapid economic development, discovery and prosperity. B) Protectionism in trade is an excellent idea and it will prevent jobs from leaving the U.S. C) There is a crucial distinction between using the political process to build a safety net for those harmed by creative destruction, and using the political process to stop that creative destruction
Which of the below statements BEST captures the expressed views of the author, Charles Wheelan, in chapter 8, "Power of Organized Interests," in the book, Naked Economics? A) In the 15th century China's rulers banned long sea-voyage trade ventures, a decision which propelled China into rapid economic development, discovery and prosperity. B) Protectionism in trade is an excellent idea and it will prevent jobs from leaving the U.S. C) There is a crucial distinction between using the political process to build a safety net for those harmed by creative destruction, and using the political process to stop that creative destruction
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter19: International Trade
Section: Chapter Questions
Problem 3QFR
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Which of the below statements BEST captures the expressed views of the author, Charles Wheelan, in chapter 8, "Power of Organized Interests," in the book, Naked Economics?
A) In the 15th century China's rulers banned long sea-voyage trade ventures, a decision which propelled China into rapid economic development, discovery and prosperity.
B) Protectionism in trade is an excellent idea and it will prevent jobs from leaving the U.S.
C) There is a crucial distinction between using the political process to build a safety net for those harmed by creative destruction, and using the political process to stop that creative destruction.
D) We should engage in free trade without any thought to the workers who get displaced by foreign competition.
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