USAuto Workers Sometimes Experience Structural Unemployment Because of the Popularity

question 2

Multiple Choice

U.S.auto workers sometimes experience structural unemployment because of the popularity of foreign cars.Which of the following arguments would most likely be presented by an auto workers' union lobbying for trade restrictions to Congress?

• A)The national defense argument
• B)The infant industry argument
• C)The antidumping argument
• D)The jobs and income argument
• E)The declining industry argument

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Definitions:

Short-term Speculation

The practice of buying and selling securities, commodities, or other financial instruments with the aim of profiting from price fluctuations over a short period.

Purchase

This term relates to the process of acquiring goods or services in exchange for money, encompassing a wide range of consumer and business transactions.

Unrealized Loss

A loss that results from holding onto an asset that has decreased in price, not yet realized through selling.

Realized Gain

The profit made from the sale of an asset or investment which has been sold for more than its purchase price.