it is necessary to introduce? Please evaluate the following statement:
"The claim that to cure Unemployment it is necessary to introduce protectionist measures [such as tariffs and quotas] is a fallacy in its grossest and crudest form"
In your answer use the concepts of a) comparative advantage, b) efficiency and c) capital inflow.
"The claim that to cure Unemployment it is necessary to introduce protectionist measures [such as tariffs and quotas] is a fallacy in its grossest and crudest form"
In your answer use the concepts of a) comparative advantage, b) efficiency and c) capital inflow.