Jobs Lost to Foreign Trade Are Generally Easy to Identify

question 146

True/False

Jobs lost to foreign trade are generally easy to identify, but jobs created by foreign trade are generally less easy to identify.

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Definitions:

Economic Strategies

Plans or policies implemented by governments or businesses to influence and guide the economy towards desired goals such as growth, stability, or equity.

Tariffs

Taxes imposed on imported or, less commonly, exported goods to regulate trade and revenue.

Gold Standard

A monetary system where a country's currency or paper money has a value directly linked to gold, used historically to provide stability in currency value.