Some Observers Opposing Free Trade Argue That When We Buy

question 30

Multiple Choice

Some observers opposing free trade argue that when we buy shoes from Brazil or shirts from Taiwan, U.S. workers lose their jobs. The fact of the matter is that

• A) no U.S. worker has actually lost a job because of free trade.
• B) most jobs lost because of free trade pay less than the poverty level.
• C) free trade creates jobs in export industries.
• D) the jobs lost are concentrated in restricted geographic areas.

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Definitions:

iPad

A line of tablet computers designed and marketed by Apple Inc., known for its touch screen interface and wide range of applications.

Market Share

The percentage of total sales or revenue that a company or product commands in a particular market or industry.

Product Life Cycle

The stages a product goes through from development and introduction to the market, to growth, maturity, and eventually decline.

Broaden Distribution

The expansion of a product's availability across a wider range of outlets or geographical areas to increase market reach and customer access.