What Is an Effective Counter Against the Argument That International

question 96

Multiple Choice

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

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

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Definitions:

Standard of Living

This is a measure of the economic prosperity and quality of life in a country or region, often assessed by income levels, access to goods and services, and other socioeconomic factors.

Fiscal Burdens

The financial obligations, such as taxes and debt payments, that a government must bear.

Skills-based Immigration

This is a type of immigration policy that prioritizes the entry of individuals into a country based on their job skills, professional experience, and the ability to contribute to the labor market.

Local Economy

The economic system and activities that are confined to a specific geographic area or community.