What Is an Effective Counter Against the Argument That International

question 120

Multiple Choice

What is an effective counter against the argument that international trade should be restricted to protect domestic jobs?

• A) A more effective policy would be to support the industry with subsidies.
• B) The more diversified the economy, the more stable it is.
• C) Free trade increases the number of jobs in which workers earn higher incomes.
• D) Rent seeking behavior should be encouraged.
• E) Free trade in "green" goods will increase jobs.

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Definitions:

AICPA

The American Institute of Certified Public Accountants, a professional organization for certified public accountants in the United States.

SEC

Stands for the Securities and Exchange Commission, a U.S. government agency responsible for regulating the securities markets and protecting investors.

Generally Accepted Accounting Principles

A collection of commonly-followed accounting rules and standards for financial reporting.

Financial Accountants

Professionals specializing in managing and reporting a company's financial transactions, ensuring compliance with accounting principles and regulations.