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All right, this is question number 4 .14 from chapter 7.
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It's asking us, an economic analysis of a proposal to impose a quota on steel imports into the united states indicated that the quota would save 3 ,700 jobs in the steel history that cost about 35 ,000 jobs in other u .s.
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Industries.
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Why would a quota on steel imports cause employment to decline in other industries? which other industries is a steel quota likely to affect? so, let's say the scenario in other words.
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So the u .s.
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Would be importing steel, but they're limiting the amount they can import.
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So imports are going down.
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And because of this, people's jobs are saved because they now have to produce domestic steel.
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Because you can't get all your steel from imports.
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You have to produce some of it.
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And this allows people to keep their jobs because they're back to work making steel.
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But 35 ,000 other people are losing their jobs...