The Trade Adjustment Assistance Program Is Intended to Help

question 174

Multiple Choice

The Trade Adjustment Assistance program is intended to help

• A)businesses that seek to expand exports into protected foreign markets.
• B)local governments that are harmed when businesses fail as imports increase.
• C)protected industries obtain improved technology in order to increase productivity.
• D)workers and businesses that lose markets because of increases in imports.

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Definitions:

Variable Manufacturing Overhead

Costs of manufacturing that vary directly with the level of production, such as utilities for the manufacturing plant.

Break-even Sales

The amount of revenue needed to cover all fixed and variable costs, resulting in neither profit nor loss.

Southern Division

A geographical or organizational subsection of a company that operates in the southern region.

Fixed Expenses

Costs that remain constant in total regardless of changes in the level of activity or volume of output.