Which of These Displaced Workers Is Likely to Be Most

question 39

Multiple Choice

Which of these displaced workers is likely to be most harmed by losing their job due to foreign trade?

• A) Worker A who has firm-specific skills.
• B) Worker B who has general skills.
• C) Worker C who has a very elastic supply curve of labor.
• D) Worker D who spends a large fraction of her income on imported goods.

---

Definitions:

Situational

Relating to or dependent upon a set of circumstances or conditions at a particular time that affects actions, decisions, and strategies.

Psychological Factor

Represents the mental and emotional influences that affect consumer behaviors and decision-making processes.

Functional Need

A consumer's requirement for a specific feature or function that a product or service must fulfill to be considered useful.

Lifestyle

The way in which a person or group lives, including patterns of social relations, consumption, entertainment, and dress.