watch https://www.youtube.com/watch?v=ZftEzWGD2Z8

1. In the video, the lawyer should leave typing to the typist because:

Group of answer choices

• Specialization increases productivity.
• The lawyer does not type as well as the typist.
• For the lawyer, the opportunity cost of typing is too high.
• The lawyer has a comparative advantage in typing.

2. What of the following is NOT an example of trade restrictions?

Group of answer choices

• Trade agreements.
• Quotas.
• Infant industry protection.
• Tariffs.

3. The Bush Administration placed tariffs on steel in order to:

A group of answer choices

• increases employment in U.S. export industries.
• insure the benefits of comparative advantage.
• support firms and workers that were harmed by foreign competition.
• enhance economic efficiency.

4. Who bears the costs of free trade?

Group of answer choices

• American politicians.
• Multinational corporations.
• American consumers.
• American workers who lose their jobs in industries affected by free trade.

5. In the video, supporters of trade restrictions argue that:

Group of answer choices

• unfair subsidies given by foreign governments to foreign firms
• all the answers are correct.
• foreign firms follow the rule.
• foreign firms are not in competition with American firms.

6. By the phrase "Fortress America," economist Robert Lawrence means:

Group of answer choices

• Am America that participates fully in the global economy.
• An America that erects barriers to trade.
• An America that pays more attention to national security issues.
• An America with a strong and well-supplied army.

7. The main point of the video argues that:

Group of answer choices

• The costs of free trade are spread widely across the economy.
• Free trade benefits a small sector of the economy.
• Americans, often, take the benefits of free trade for granted.
• Free trade slows our economic growth.