Some Observers Opposing Free Trade Argue That When We Buy

question 132

Multiple Choice

Some observers opposing free trade argue that when we buy shoes from Brazil, U.S. workers lose their jobs. The fact of the matter is that

• A) no U.S. worker has actually lost a job because of free trade.
• B) most jobs lost because of free trade pay less than the poverty level.
• C) free trade creates jobs in export industries.
• D) the jobs lost are really in Brazil.

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Definitions:

Lost Profits

Financial gains that were expected but not realized due to the wrongful acts of another party.

Breach of Contract

The failure to fulfill the terms agreed upon in a contract, whether by not performing duties, providing defective goods, or any other non-compliance.

Contractor

An individual or firm that agrees to provide materials or perform services for another party under the terms of a contract.

Claiming Compensation

The act of seeking monetary reimbursement for harm, loss, or damages suffered because of another's actions or negligence.