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Social Studies, 13.01.2020 18:31, joexx159
Why are tariffs and other trade barriers economically harmful when they save some jobs? a. such tariffs make all workers lazy. b. the higher prices forced upon the people by the tariffs ultimately will cost more jobs than they save. c. the tariffs and trade barriers will probably cause other countries to declare a trade war in order to force removal of the tariffs. d. imposing high tariffs will cause expulsion from the united nations and other nations will think of such a country as a "rogue state."
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Social Studies, 23.06.2019 15:00, leezas1101
Norman jones, an economic historian at the university of utah, has described the views of the ancient greek philosopher aristotle on interest: aristotle defined money as a good that was consumed by use. unlike houses and fields, which are not destroyed by use, money must be spent to be used. there- fore, as we cannot rent food, so we cannot rent money. moreover, money does not reproduce. a house or a flock can produce new value by use, so it is not unreasonable to ask for a return on their use. money, being barren, should not, therefore, be expected to produce excess value. thus, interest is unnatural. what did aristotle mean in arguing that money is “barren”? why would money being barren mean that lenders should not charge interest on loans? do you agree with aristotle’s reasoning? briefly explain.
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Why are tariffs and other trade barriers economically harmful when they save some jobs? a. such tar...
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