The Table Below Shows the Quantity Demanded (In Thousands) and Quantity

question 23

Multiple Choice

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-Which of the following statements is true of the impact of trade restrictions on domestic employment?

• A)Domestic firms will produce the goods that otherwise would have been produced abroad, thus employing foreign workers instead of domestic workers.
• B)Beside the protected industry, other industries will also benefit in terms of employment.
• C)Workers in the protected industry migrate to other industries.
• D)Restrictions imposed on trade redistribute jobs by creating employment in the protected industry and reducing employment elsewhere.
• E)Minimum wages for skilled and unskilled labor increase in the domestic country.

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Definitions:

Fate

The development of events beyond a person's control, regarded as predetermined by a supernatural power.

Smiles

Facial expressions formed primarily by flexing the muscles at the sides of the mouth, often expressing happiness or pleasure.

Underlying Emotion

The fundamental feeling or affect that lies beneath an individual's immediate emotional response or expression.

Alarm Phase

The initial stage of the body's response to stress, activating the fight or flight response and preparing the body to face a threat.