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.

---

Definitions:

Management Accounting Systems

Systems used within a company to provide financial and non-financial information that helps managers make decisions to fulfill the goals of an organization.

Differentiation Strategy

A business approach where a company develops distinctive products or services to compete in the market.

Product Costs

The total costs incurred to bring a product to market, including materials, labor, and overhead.

Product Quality

The characteristics of a product that determine its ability to satisfy stated or implied needs; a key factor in competitiveness.