Question: I missed this question on a test - can you assist? Question 7(Worth 1 points) An economist would state that tariffs and quotas are bad
I missed this question on a test - can you assist?
Question 7(Worth 1 points)
An economist would state that tariffs and quotas are bad for the U.S. economy for all of the following reasonsexcept
the price level will increase.
more American jobs would be lost.
there will be fewer goods and services to buy.
there will be less variety of goods and services.
U.S. resources will not be used in the most efficient manner.
Points earned on this question:0
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
