Using calculations of the cost to Americans per job saved in protected industries, it can be concluded that
A) import quotas are an efficient way to redistribute income.
B) each job saved is worth more than the cost imposed on consumers per job saved.
C) each job saved is worth less than the cost imposed on consumers per job saved.
D) tariffs are an efficient way to redistribute income to disadvantaged groups.

Question

Quizplus · Accepted Answer

Calculations of the cost to Americans per job saved in protected industries often show that the cost imposed on consumers (through higher prices for goods due to tariffs or quotas) exceeds the salary of the job saved. This means that the overall economic cost of saving a job in a protected industry is higher than the value of the job itself, making such protection measures inefficient in terms of cost-benefit analysis.

Using Calculations of the Cost to Americans Per Job Saved