Questions About Imports. Donald Boudreaux

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Extracts:

Do you not worry about the possibility that fewer American imports will reduceAmerican economic activity – and, hence, reduce American employment – even in the short-run?  Because nearly six in every ten dollars that Americans spend on imports are spent buying inputs to production, why do you overlook the possibility that, with fewer or more costly inputs for use in production, some U.S.-based producers will either shut down completely or produce less?


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