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Now consider question 5 in terms of the law’s impact on domestic producers that export goods. Does this policy adversely affect domestic producers that export goods? Consider this statement:...

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Now consider question 5 in terms of the law’s impact on domestic producers that export goods. Does this policy adversely affect domestic producers that export goods?

Consider this statement: “Unrestricted foreign trade costs domestic jobs.” Do you agree or disagree? Explain

 

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Answered Same Day Dec 25, 2021

Solution

David answered on Dec 25 2021
122 Votes
I disagree with this statement that unrestricted foreign trade cost domestic job. I disagree because
though trade destroys jobs in some industries but creates jobs in other industries. When income
of the foreign country increases through export growth they will try to spend more on imported...
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