An economic analysis of a proposal to impose a quota on steel imports into the United States

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An economic analysis of a proposal to impose a quota on steel imports into the United States indicated that the quota would save 3,700 jobs in the steel industry but cost about 35,000 jobs in other U.S. industries. Why would a quota on steel imports cause employment to decline in other industries? Which other industries is a steel quota likely to affect?
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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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