Analysis of agriculture and textiles

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Which of the following is FALSE? Select one The analysis of agriculture, textiles, and clothing in the EU, the United States, and Japan supports the proposition that older sectors of the economy are most protected, particularly in cases where the nation has lost a substantial part of its comparative advantage. Even when tariffs are relatively low, the cost per job saved tends to be high. In the European Union, the cost per job saved by their trade barriers was estimated at over 550,000 euros in the 1990s. Commercial policy is grossly inefficient at achieving the objective of job preservation. Trade barriers in high-income countries are unlikely to have unintended consequences in countries because most of their trade is with other industrialized countries. Low-income

Reference no: EM13985721

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