A Major Reason Why It Is Difficult to Lower the Barriers

question 33

Multiple Choice

A major reason why it is difficult to lower the barriers to free trade is

• A)the inability to compensate losers from free trade.
• B)that the barriers allow us to compete with cheap foreign labor.
• C)the loss of jobs without any gain of jobs from free trade.
• D)the uneven distribution of gains and losses from free trade.
• E)that total benefits are less than total costs from free trade.

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Definitions:

Welfare to Work

Welfare to work programs are government or organizational initiatives designed to encourage or require individuals receiving welfare assistance to engage in employment or work-related activities.

Income Levels

Categories of annual income that differentiate individuals, households, or other groupings, often used to analyze economic and social trends.

Cost-of-Living

The amount of money needed to cover basic expenses such as housing, food, taxes, and healthcare in a certain place and time.

Regional Differences

Variations in cultural practices, economic conditions, and social norms across different geographic areas.