Problem
There were 11394 registered lobbyists in the United States in IDES, people whose primary job is asking the federal government for something. A lobbyist who comes with long experience as an aide to a powerful politician will earn at least $200,.GDD per year. Marry lobbyists (not all} are attempting to restrict trade in order to turn consumer surplus into producer surplus.
1) If the US were to amend the Constitution to permanently ban all tariffs and trade restriction, these lobbyists would lose their jobs and they'd have to leave Washington to |get "real"; jobs. Would this Job change lower US productivity or raise it?'
2) Would most of the lobbyists likely earn more after the amendment was enacted or less?
3) How can you reconcile your answers to parts 1 and 2?