Answer to Question #190273 in Macroeconomics for James

Question

QUESTION 15

In the U.S., the impact of trade:

1. On high-income workers is small.
2. On low-income workers is small.
3. On low-income workers is large.
4. On large-income workers is small.
5. Is negligible.

QUESTION 16

Eliminating trade barriers in one sector of the economy will likely result in:

1. No change in the number of jobs.
2. An increase in the number of jobs in other sectors.
3. A decrease in the number of jobs in that sector.
4. All of the above.
5. Answers B and C only.

QUESTION 17

When a country enacts protectionism:

1. It gains net economic benefits.
2. It has no impact on economic benefits.
3. It loses net economic benefits.
4. It favors trade with other countries.
5. All of the above.

QUESTION 18

These often have a better record of compliance with environmental laws.

1. Foreign-owned plants in the U.S.
2. Foreign-owned plants in high-income countries.
3. Foreign-owned plants in low-income countries.
4. U.S.-owned plants in all other countries.
5. All of the above.

Answer 1

15.On low-income workers is small.

16.A decrease in the number of jobs in that sector.

17.It gains net economic benefits.

18.Foreign-owned plants in low-income countries.