Name and define three policy tools for enacting, Operation Management

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Name and define three policy tools for enacting

1. Who does protectionism protect? What does it protect them from?

2. Name and define three policy tools for enacting protectionism.

3. Does international trade, taken as a whole, increase the total number of jobs, decrease the total number of jobs, or leave the total number of jobs about the same?

4. How is international trade, taken as a whole, likely to affect the average level of wages?

5. What are main reasons for protecting “infant industries”? Why is it difficult to stop protecting them?

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Operation Management: Name and define three policy tools for enacting

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