Microeconomics: Private and Public Choice (MindTap Course List)
15th Edition
ISBN: 9781285453569
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
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Question
Chapter 16, Problem 5CQ
To determine
The imports and its impacts over the domestic jobs.
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“Imports destroy jobs; exports create them. The average American is hurt by imports and helped by exports.” Do you agree or disagree with this statement? Explain.
Why do countries often protect their economies from imports?
Any goods, raw materials, or services that are produced in one country and then sold to another country, this is called?
Chapter 16 Solutions
Microeconomics: Private and Public Choice (MindTap Course List)
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- Why not have State governments levy tariffs on imports, or tax other states' products. Would this be a sensible way to raise revenues? What are the advantages/disadvantages? Provide research support for your positions. Respond to at least two of your fellow students’ postings.arrow_forwardWhen does a country become an exporter of a good?An importer?arrow_forwardimport tariffs on steel decrease. a developer in chicago starts work on a new high rise. draw the change in steel market.arrow_forward
- focus on the protection of infant industries rationale for limiting imports. Do you agree or disagree with this rationale? why or why not?arrow_forwardAmerican firms outsource many jobs to other, lower cost countries. How can this outsourcing actually lead to increased employment here in the USA? How can there be any economic gains for a country from both importing and exporting the same good, like cars?arrow_forwardWhat does Mexico import?arrow_forward
- I’m for international trade, but not when it takes jobs from Americans. If the American worker can produce the product, Americans should not buy it from foreigners.” Do you agree with this statement?arrow_forwardSupporters of import restrictions and protectionist policies place greater weight on producer welfare than on consumer welfare." Comment.arrow_forwardWhat are the Relationship between Foreign Resource and importarrow_forward
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