Answer to Question #16139 in Macroeconomics for Ashley
- Prices would increase and standard of living would fall
- In order to do that, the US needs to cut down regulations
and taxes to become more competitive on global trade. The regulation imposed on
manufacturers are too costly to comply therefore, makes better financial sense
at the moment to purchase goods from china.
- U.S. is a free country still,
at the moment, and many people would object to a government intruding more than
it already does on people's simple human freedom of choice.
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