3. The argument is that the import quota protects the jobs of U.S. workers. The argument is...

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3. The argument is that the import quota protects the jobs of U.S. workers. The argument is flawed because the United States does not have a comparative advantage in producing sugar and so an import quota allows the U.S.

sugar industry to be inefficient. With free international trade in sugar, the U.S. sugar industry would exist but it would be much smaller and more efficient.

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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