The Example Demonstrating How Corn Can Be "Turned Into" Cars

question 90

Multiple Choice

The example demonstrating how corn can be "turned into" cars illustrates how trade can be viewed as:

• A) bad for farmers.
• B) good for certain industries.
• C) an alternative technology for producing goods.
• D) undermining America's ability to produce both corn and cars.
• E) turning the United States into a low value-added economy.

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Definitions:

Foreign Competition

Competition that domestic companies face from abroad, from companies in other countries offering similar goods or services.

Union Membership

The status of being a member of a labor union, an organization aimed at representing the interests of employees in negotiations with employers.

Government Employees

Individuals who work in various departments and agencies of the government and are paid by the government.

Private-Sector Workers

Employees who work for businesses or organizations that are not owned or operated by the government.