Which would be more expensive for the economy as whole

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Reference no: EM131074919

Fresh Maine lobsters are flown from the United States to Japan. Conversely, fresh tuna is flown from Japan to the United States. How would you expect this pattern to affect the number of jobs in fishing in both countries? How would you expect it to affect wages of those who are working in the fishing industry in both countries? Do you see any benefit to consumers?

Which would be more expensive for the economy as a whole:

If the government just paid the salaries of workers who have lost their jobs due to imports; or

If the government saved the jobs of these workers by protecting their industry. Explain.

Reference no: EM131074919

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Which would be more expensive for the economy as whole : Fresh Maine lobsters are flown from the United States to Japan. Conversely, fresh tuna is flown from Japan to the United States. How would you expect this pattern to affect the number of jobs in fishing in both countries? Which would be more expensiv..

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