Getting more Americans to realize that it pays to make things in the United States is the

Question:

Getting more Americans to realize that it pays to make things in the United States is the heart of the competitiveness issue.” (This is a quote from an American business magazine.)

a. Would Americans be better off if more of them paid higher prices in order to “buy American” rather than purchase from foreigners? Would U.S. employment be higher? Explain. 

b. Would Californians be better off if they bought goods produced only in California? Would the employment in California be higher? Explain.  

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Economics Private And Public Choice

ISBN: 9780357133996

17th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Question Posted: