When Countries Trade with One Another in a Particular Industry

question 106

True/False

When countries trade with one another in a particular industry, there may be job losses and plant closures in the country in which the industry is not as competitive.

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Definitions:

Job Security

A condition in which an individual has a high likelihood of remaining employed without the risk of becoming unemployed.

Recognition

The act of acknowledging or identifying something as valid or as having a particular status.

Advancement

The process of moving forward in one's career, which may involve a higher position, increased responsibilities, or better salary.

Job Satisfaction

The level of contentment or happiness an individual feels regarding their job, influenced by factors like work environment, responsibilities, and compensation.