Krugman Calls Trump Tariffs 'Really, Really Destructive'

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Business, Social Studies
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University
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Hard
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary concern Paul Krugman raises about the imposition of tariffs?
They will strengthen international trade relations.
They will have no impact on the economy.
They will disrupt long-standing business relationships.
They will only affect the US economy.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does Krugman describe the relationship between the US, Canada, and Mexico in terms of manufacturing?
A competitive rivalry.
Completely independent sectors.
A tightly integrated North American manufacturing sector.
Unrelated industries.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to Krugman, what is the main reason behind the current tariff policies?
New economic theories.
Technological advancements.
Political motivations.
Environmental concerns.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does Krugman suggest about the impact of the 'China shock' on localized manufacturing centers?
It only affected China.
It was less disruptive than expected.
It had no significant impact.
It was more disruptive than initially realized.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In what scenario does Krugman suggest an 'America First' policy might be justified?
To promote cultural exchange.
To reduce taxes.
To increase tourism.
For national security reasons.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does Krugman identify as a potential risk of protectionist policies?
They always lead to economic growth.
They have no impact on national security.
They are easy to implement effectively.
They can inadvertently favor special interest groups.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why does Krugman believe the Biden administration maintained tariffs on China?
To promote free trade.
To reduce the US trade deficit.
Due to pure politics and not wanting to appear soft on China.
To increase imports from China.
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