Which of the Following Is NOT True Regarding Job Destruction

question 148

Multiple Choice

Which of the following is NOT true regarding job destruction due to trade?

• A) Trade does not destroy jobs; it simply moves jobs to different industries.
• B) Short-run worker transition may be hard, but in the long run the result is increased wages.
• C) Trade results in the United States over the past 100 years include decreased employment and lower living standards.
• D) Trade encourages workers to transition to industries that are low-cost producers of goods.

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Definitions:

Share Issuance

The process by which a company issues new shares of stock to investors or shareholders, increasing the number of outstanding shares.

Share Buy-backs

The process by which a company purchases its own shares from the marketplace, reducing the amount of outstanding stock on its balance sheet.

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, thus having an ownership interest in the company.

Regulations

Rules and guidelines issued by governmental agencies to control or direct the conduct of activities.