One of the Main Reasons That People Want to Limit

question 141

Multiple Choice

One of the main reasons that people want to limit imports is the

• A)fear that imports will decrease the income of Americans.
• B)idea that cheap foreign labor destroys American jobs.
• C)concept that if trade benefits another country, it must harm the United States.
• D)All of the above are correct.

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Definitions:

Services

Activities or benefits provided to consumers that do not result in the ownership of a tangible product.

Capital

Financial assets or the monetary value of assets, such as buildings and machinery, invested in a business to create more wealth.

Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment.

Opportunity Cost

The economic impact of dismissing the next prime alternative while reaching a decision.