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Business, 19.03.2020 20:30 cheergirl2133

Supporters of the toy quota over free trade argue that the trade restriction will save jobs in the United States. What are the potential pitfalls of such an argument? Check all that apply. China may retaliate, imposing restrictions on their imports from the United States, thereby generating unemployment in U. S. export industries. Trade restrictions simply reshuffle jobs by increasing employment in the protected industry and reducing employment in other industries. The costs to domestic toy consumers may outweigh the benefits of jobs saved in the toy industry. Consumers will likely divert large amounts of scarce resources toward lobbying for the removal of the quota

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