Which of the Following Statements Is TRUE

question 110

Multiple Choice

Which of the following statements is TRUE?

• A) International trade raises wages in developing countries.
• B) International trade with rich industrial countries forces people in the developing countries to work for lower wages.
• C) International trade leads to job losses in both import competing industries and exporting industries.
• D) Unlike other types of international trade, offshoring does not bring any gains from trade.

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Definitions:

Negotiations

The process of discussing and aiming to reach a mutual agreement between parties with differing needs or viewpoints.

Railway Labor Act

A federal law in the United States that aims to avoid work stoppages and labor-management disputes in the railway and airline industries.

Substantive Law

Substantive law defines the rights and duties of people and substantive legal principles within civil, criminal, and administrative law, distinguishing from procedural law which outlines how rights are enforced.

Government

The governing body of a nation, state, or community, responsible for creating and enforcing laws and managing public services and resources.