What is one of the major shortcomings of using tariffs or quotas to "save American jobs"?

A) Trade barriers protect the development of new technology, but the new technology eliminates jobs.
B) Import restrictions alter the composition of domestic employment, but they have minimal effect on the overall level of domestic employment.
C) The volume of trade with other nations is limited to a few industries, so trade restrictions would not increase national employment.
D) Major American firms have produced many products in other countries and would not hire more domestic labor when trade barriers are imposed.

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Zybrea Knight · Accepted Answer

Final Answer : B, Explanation :  Import restrictions like tariffs or quotas can change the types of jobs available within a country by protecting certain industries, but they generally do not increase the total number of jobs. This is because the resources saved in protected industries might be offset by losses in other sectors due to retaliatory measures, increased costs for consumers, and inefficiencies in the allocation of resources.

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