Critics of Free Trade Sometimes Argue That Allowing Imports from Foreign

question 8

Multiple Choice

Critics of free trade sometimes argue that allowing imports from foreign countries causes a reduction in the number of domestic jobs.An economist would argue that

• A)foreign competition may cause unemployment in import-competing industries,but the effect is temporary because other industries,especially exporting industries,will be expanding.
• B)foreign competition may cause unemployment in import-competing industries,but the increase in consumer surplus due to free trade is more valuable than the lost jobs.
• C)the critics are correct,so countries must protect their industries with tariffs or quotas.
• D)foreign competition may cause unemployment in import-competing industries,but the increase in the variety of goods consumers can choose from is more valuable than the lost jobs.

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Definitions:

Miscarriages

The spontaneous loss of a pregnancy before the 20th week, often due to natural causes related to fetal or maternal health issues.

Embryonic Stage

A period in prenatal development occurring from the end of the second week through the eighth week after conception, where major organs and structures within the organism begin to develop.

Germinal Stage

The first two weeks of prenatal development after conception, characterized by rapid cell division and the beginning of cell differentiation.

Foetal Stage

The developmental stage of a fetus from 9 weeks after fertilization until birth, characterized by rapid growth and development of bodily structures.