To Be Eligible for Adjustment Assistance Due to Import Competition,the

question 21

Multiple Choice

To be eligible for adjustment assistance due to import competition,the Secretary of Labor must certify all of the following except:

• A) significant number of workers lost jobs.
• B) sales/production of the firm has decreased.
• C) increases in imports of articles like or directly competitive with those made by petitioner contributed importantly to the loss of jobs.
• D) the workers/jobs lost because of the increase in imports cannot be relocated to other industries.

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Definitions:

Price Fixing

An illegal agreement among competitors to set prices at a certain level, rather than letting them fluctuate naturally with market forces.

Industry Tightening

A period where industry competition becomes more intense, often leading to consolidation, increased regulation, or higher barriers to entry.

Monopolistic Competition

A market structure characterized by many competitors selling products that are similar but not identical.

Pure Competition

A market structure characterized by a large number of sellers offering identical products, where no single seller can influence market prices.