Which of the Following Statements Is True

question 78

Multiple Choice

Which of the following statements is true?

• A)International trade raises wages in developing countries.
• B)International trade with rich industrial countries forces people in the developing countries to work for lower wages.
• C)International trade leads to job losses in both import competing industries and exporting industries.
• D)Unlike other types of international trade,offshore outsourcing does not bring any gains from trade.
• E)International trade encourages lax environmental standards.

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Definitions:

Threatening to Sue

Expressing an intention to initiate legal action against someone.

Dodd-Frank Act

A United States federal law that places regulation of the financial industry in the hands of the government, aimed at reducing risks in the financial system.

Consumer Financial Protection Bureau

A U.S. government agency aimed at ensuring consumer protection in the financial sector and enforcing laws related to financial products and services.

Legislative Approval

The formal consent given by a legislative body to enact a proposed piece of legislation into law.