QUESTION 15 Typically, restrictions to \"save domestic jobs\" simply redistribut

Question

QUESTION 15 Typically, restrictions to "save domestic jobs" simply redistribute jobs by creating conditions that favor domestic labor unions at the expense of employment in nonunionized industries employment in the protected industry and reducing employment elsewhere. inflation in the overall economy. Opockets of full employment and unemployment corresponding to free trade zones. O employment in nonprotected industries and reducing employment in the protected industry. QUESTION 16 In Zimbabwe, private individuals are allowed to own elephants, to raise them, and then to butcher them and sell the parts. The supply of elephants in Zimbabwe has risen since this policy began because O the profit motive induces the private individuals to ensure that while they earn profits today they also have sufficient resources to earn profit in the future. the government has forced the private individuals to conserve. O the profit motive induces the private individuals not to purchase as many elephants. O neighboring elephant herds are migrating to Zimbabwe. other countries are supplying elephants to the Zimbabwe farmers.

Explanation / Answer

1) Typically, restricting to "save domestic jobs" simply redistribute jobs by creating

employment in the protected industry and reducing employment elsewhere

Explanation: People will prefer to leave the non-protected industry to go to the protected industry where the jobs are

2) In Zimbabwe, private individuals are allowed to own elephants, to raise them, and then to butcher them and sell the parts. The supply of elephants in Zimbabwe has risen since this policy began because

Solution: the profit motive induces the private individuals to ensure that while they earn profits today they also have sufficient resources to earn profit in the future

Explanation: With this approach the private individuals will be earning profits today as well in the future

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