Which of the Following Best Identifies the Effects of Trade

question 63

Multiple Choice

Which of the following best identifies the effects of trade policies? And on firms or industries?

• A)Trade policies affect the trade balance and all firms and industries the same.
• B)Trade policies affect the trade balance and some firms or industries differently than others.
• C)Trade policies do not affect the trade balance, but they affect some firms or industries differently than others.
• D)Trade policies affect neither the trade balance nor specific firms or industries.

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Definitions:

National Labor Relations Act

A foundational statute in United States labor law that guarantees the rights of private sector employees to organize into trade unions, engage in collective bargaining, and take collective action such as strikes.

Labor Organizing

The effort by workers to form, join, or assist a union to represent their collective interests in the workplace.

National Labor Relations Board

A federal agency in the United States that oversees labor practices, ensuring the rights of employers and employees under labor laws.

Fair Labor Standards Act

A United States law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards for full-time and part-time workers in the private sector and in federal, state, and local governments.