Question
In the long-run exports pays for imports and any restriction on imports restricts exports. Although this is widely an accepted principle in economics, it is
In the long-run exports pays for imports and any restriction on imports restricts exports. Although this is widely an accepted principle in economics, it is not widely accepted by those who lose their jobs. There are continuous calls from workers, unions, and business leaders to restrict imports to protect American jobs. Debate the need and effectiveness of using trade restrictions to support American jobs.
1. Use economic concepts and principles to support the position that trade restrictions DO protect American jobs, including the benefits and costs
2. List and explain any relevant social issues associated with the position that trade restrictions DO protect American jobs.
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