When Ross Perot Ran for President as a Third Party

question 79

Multiple Choice

When Ross Perot ran for president as a third party candidate in the 1992 presidential elections, he argued that free trade with Mexico would result in massive job losses in the United States because Mexican wages were so low.Which of the following is the best explanation of why few economists agreed with Perot?

• A)Economists did not believe that any jobs would be lost in the United States.
• B)Economists believed that the U.S.unemployment rate would rise.
• C)Although economists agreed that in some areas the United States would lose jobs, they expected that the United States would gain jobs in other areas.
• D)Although economists predicted that unemployment would rise, the increased profits of corporations would raise stock prices enough to compensate for the lost jobs.

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Definitions:

Terrorist Attack

An act of violence conducted by individuals or groups meant to instill fear, harm society, and often motivated by political, religious, or ideological aims.

National Incident Management System (NIMS)

A standardized approach guiding agencies at all levels to work together seamlessly during incidents.

Federal Emergency Management Agency (FEMA)

A U.S. government agency responsible for coordinating responses to disasters that overwhelm the resources of local and state authorities.

Environmental Protection Agency (EPA)

A U.S. federal agency charged with protecting human health and the environment by writing and enforcing regulations based on laws passed by Congress.