The Job Creation Argument for Protection Against Free Trade Is

question 81

Multiple Choice

The job creation argument for protection against free trade is:

• A)that keeping out foreign imports allows the goods and services to be produced by domestic workers.
• B)frequently put forward by economists.
• C)mostly that we need full employment to defend the security of the nation.
• D)that we need full employment to prevent currency depreciation.

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Definitions:

Cost of Goods Manufactured

The total production cost of goods completed during a specific period, including the costs of materials, labor, and manufacturing overhead.

Direct Materials

Direct materials are raw materials that are directly traceable to the manufacturing of a product and are an essential part of the finished product.

Direct Labor

The workforce directly involved in producing goods or delivering services, whose wages are considered part of manufacturing costs.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, including but not limited to, utilities, depreciation, and salaries of non-direct labor.