The argument that jobs are lost to free trade is
A) correct because jobs are lost but foreign countries are helped and we can afford losses.
B) totally false because no jobs are lost to free trade.
C) somewhat correct because some jobs are lost but incorrect because new jobs also are created.
D) true only when tariffs are imposed on the goods being imported.
E) incorrect because no jobs are lost and new jobs are created by trade.
C
You might also like to view...
The largest component of GDP in the expenditure approach is
A) personal consumption expenditures. B) gross private domestic investment. C) government expenditure on goods and services. D) net exports.
The opportunity cost of being unemployed tends to be the highest in which of the following countries?
A) Canada B) France C) the United Kingdom D) the United States
Suppose that a more efficient way to produce a good is discovered, thus lowering production costs for the good. This will cause: a. an increase in supply, or a rightward shift of the supply curve
b. a decrease in supply, or a leftward shift of the supply curve. c. an increase in quantity supplied, or a movement down the supply curve. d. a decrease in quantity supplied, or a movement up the supply curve.
Refer to the figure below. In this case, the private market ________ resources efficiently because ________.
A. does not allocate; some of the costs of paper production do not fall on producers B. does not allocate; demand and supply do not cross at the market equilibrium C. allocates; consumers are willing to pay the external cost of production D. allocates; firms are motivated to maximize profit