2 Lessons about trade policy Import restrictions on specific products save jobs in the domestic industries that produce those products, but destroy jobs in export-producing sectors. Hence,import restrictions fail to increase total employment.Worse yet,import restrictions create "sectoral shifts,"which cause frictional unemployment. Return CHAPTER 12 Aggregate Demand in the Open Economy slide 16slide 16 § Import restrictions on specific products save jobs in the domestic industries that produce those products, but destroy jobs in export-producing sectors. Hence, import restrictions fail to increase total employment. Worse yet, import restrictions create “sectoral shifts, ” which cause frictional unemployment. 2 Return