When Americans buy imported goods such as shoes from Brazil, U.S. workers who produce shoes lose their

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When Americans buy imported goods such as shoes from Brazil, U.S.

workers who produce shoes lose their jobs. With no earnings and poor prospects, these workers become a drain on welfare and spend less, which creates a ripple effect of further job losses. The proposed solution is to protect U.S. jobs by banning imports of cheap foreign goods. The proposal is flawed for the following reasons.

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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