Economists Who Criticize Trade Adjustment Assistance Argue That

question 326

Multiple Choice

Economists who criticize trade adjustment assistance argue that

• A)it only benefits a small fraction of all unemployed workers.
• B)money spent on the program overstimulates aggregate demand and threatens to cause inflation.
• C)benefits are too low to provide unemployed workers with a livable wage.
• D)it distorts patterns of foreign trade, reducing the gains from trade.

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Definitions:

Operating Activities

These involve the primary, day-to-day tasks of producing goods, providing services, and selling products, capturing the cash flows from these central business operations.

Indirect Method

A cash flow statement preparation approach that adjusts net income for non-cash transactions and changes in working capital to calculate cash flow from operating activities.

Book Value

The net value of a company's assets minus its liabilities, or the net value recorded on the financial statements.

Statement of Cash Flows

An accounting statement illustrating how fluctuations in income and balance sheet accounts influence cash and cash equivalents.