Getting more Americans to realize that it pays to make things in the United States is the

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Getting more Americans to realize that it pays to make things in the United States is the heart of the competitiveness issue.” (This is a quote from an American business magazine.)

a. Would Americans be better off if more of them paid higher prices in order to “buy American” rather than purchase from foreigners? Would U.S. employment be higher? Explain.

b. Would Californians be better off if they bought goods produced only in California? Would the employment in California be higher? Explain.

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Economics Private And Public Choice

ISBN: 9780357133996

17th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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Question Posted: Oct 17, 2023 10:01 AM

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Getting more Americans to realize that it pays to make things in the United States is the

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Step by Step Answer:

a Whether Americans would be better off by paying higher prices to buy American rather than purchasing from foreigners is a complex economic issue It involves tradeoffs and depends on various factors ...View the full answer

Economics Private And Public Choice

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