Under the Worker Adjustment and Retraining Notification (WARN)Act,which of the Following

question 13

Multiple Choice

Under the Worker Adjustment and Retraining Notification (WARN) Act,which of the following constitutes a loss of employment?

• A) a transfer leading to a reduction in position and pay
• B) a layoff exceeding one month
• C) a reduction in an employee's work time of more than 50 percent in each month for six months
• D) an extended leave period of more than 10 weeks
• E) a disciplinary notice requiring immediate response from an employee

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Definitions:

Imports

Goods and services bought by a country from other countries.

NAFTA

The North American Free Trade Agreement (NAFTA) was a treaty among the United States, Canada, and Mexico that eliminated most tariffs and trade barriers between the countries, in effect from 1994 to 2020.

Trade Deficit

A scenario in which a nation's expenditure on imported goods and services surpasses its revenue from exports, resulting in a greater outflow of money than inflow.

Trade Surplus

A situation in which a country exports more goods and services than it imports.