In the U.S., the Trade Adjustment Assistance

question 60

Multiple Choice

In the U.S., the trade adjustment assistance:

• A)provides workers who have been displaced from import-competing firms with an unemployment compensation for at least 24 months.
• B)provides subsidies to firms who produce exportable commodities.
• C)provides incentives for workers to search for new jobs outside the import-competing industry before they lose their jobs in these industries.
• D)is often criticized on the ground that it leads to a huge drain of government funds.

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Definitions:

Administrative Expenses

Expenses that cannot be directly linked to the production or selling process and include costs related to the overall management and administration.

Client-Visits

The occurrence of a service provider traveling to a client's location to conduct business or perform a service.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, allowing better performance evaluation.

Spending Variance

The discrepancy between the budgeted or forecasted expenditure and the actual amount spent.