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  • Card 9 / 16:
    Explain how trade barriers save jobs in protected industries, but only by costing jobs in other industries.

    Trade barriers raise the price of goods in protected industries. If those products are inputs in other industries, it raises their production costs and then prices, so sales fall in those other industries. Lower sales lead to lower employment. Additionally, if the protected industries are consumer goods, their customers pay higher prices, which reduce demand for other consumer products and thus employment in those industries.

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Questions & Answers

What is demand
TECK Reply
the amount of a good that buyers are willing and able to purchase
Asit
what is population
Amadou Reply
The people living within a political or geographical boundary.
Ziyodilla
what happens to price and quantity when demand curves shift to the right
Asha Reply
price level goes up. quantity demand increases
Asit
example- inferior goods
Asit
demand law
Athony
Its states that higher the price the of the commodity, and lower the quantity demanded
Kosiso
I am confused but quantity demand will increase.
Asit
No. That's the law of supply
Kosiso
the price goes down and quantity demanded increases
esther
Price goes down Demand quantity increases
Daniel
choice arises because of scarcity of resources
Umar
what happens to price and quantity when supply curve shifts left?
Asha Reply
price level will increase
Asit
quantity demand will decrease
Asit
what is inflation
Pop Reply
inflation is a general and ongoing rise in the level of prices in an entire economy.
cynthia
is the pasistance increase in the price of a country economy
Liyu
kk
Duppy
yes
Aadi
how does inflation affects the economy of a country? what is deflation?
Augustine
deflation can simply be define as the persistence decrease in price of a countrys economy
Liyu
the revenge of malthus relates "revenge" with "commodity prices". collect data for 3 commodoties and check their price evolution
Jamshi Reply
what is elasticity
dubela Reply
Elasticity is an economics concept that measures responsiveness of one variable to changes in another variable.
cynthia
right
Augustine
wooow!!
cynthia
Computer software represents
Mboledi Reply
पर्यावरण राज्यों में से किस राज्य में शिष्य शिक्षक अनुपात 30 से अधिक वाले विद्यालयों का प्रतिशत न्यूनतम होता है
plz Reply
Hey what are you trying to mean?
Kenyana
what is Asset
MUBARAK
like a banana
Ahmed
demand is the process whereby consumers are willing and able to purchase a particular product at various price over a given period of time
Samuel Reply
The law of dinimish
Frank Reply
What is the law of dinimish
Frank
What is the law of dinimish
Frank
What is the law of dinimish
Frank
opportunity cost is to forgo something for another.
jackie Reply
yes
King
what is financial market
Asheeru Reply
what is demand
Levinel Reply
Demand is an economic principle referring to a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service.
Ali
explain any three exceptions to the law of demand
Emma Reply
Inflation occurs in a country due to what causes?
Daniel Reply

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Source:  OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
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