Which Statement(s) Is TRUE

question 94

Multiple Choice

Which statement(s) is TRUE?
I. When U.S. consumers buy lower-priced imports, they have more money to buy other goods, leading to increased jobs in other industries.
II. On net, free trade reduces total employment.
III. When foreign producers receive U.S. dollars for their exports, some of these dollars are used to buy U.S. goods and assets, increasing employment in U.S. exporting industries.

• A) I only
• B) II only
• C) I and III only
• D) III only

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Definitions:

Development Theory

A framework or model that explains the processes, mechanisms, and factors that contribute to the growth and evolution of individuals, societies, or systems.

Moral Judgment

The process by which individuals make decisions about what is right and wrong, often influenced by cultural, personal, and societal values.

Argumentation

The process of presenting reasons in support of or against a particular issue, often involving logical reasoning and evidence.