All of the Following Are Arguments Against Free Trade,EXCEPT

question 72

Multiple Choice

All of the following are arguments against free trade,EXCEPT:

• A) firms can use price discrimination practices across domestic and foreign markets.
• B) low-wage countries contribute to the displacement of American workers.
• C) the United States must provide protection to foreign markets that produce goods such as oil that can be produced domestically.
• D) the NAFTA agreement does not provide protection to American companies.

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Definitions:

Securities and Exchange Commission

A U.S. federal agency responsible for enforcing federal securities laws and regulating the securities industry, stock and options exchanges.

Securities and Exchange Act

A U.S. law enacted in 1934 to regulate securities transactions on the secondary market, thereby protecting investors and maintaining fair and efficient functioning of the securities markets.

New York Stock Exchange

A leading global securities exchange where stocks, bonds, and other financial instruments are traded, located in New York City.

FDIC

The Federal Deposit Insurance Corporation, a United States government agency that insures deposits at banks and savings associations.