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:

Provisions Disclosure

The requirement to reveal information about provisions within the financial statements, including the nature, timing, and amount.

AASB 137

An accounting standard that provides the accounting treatment and disclosure for provisions, contingent liabilities, and contingent assets.

Comparative Information

Financial data presented for multiple periods, allowing users to identify trends, measure performance, and make comparisons over time.

Unused Amounts

Portions of a line of credit or loan commitment that have not been borrowed as of a particular point in time.