According to the Text, Economists David Gould, G

question 77

Multiple Choice

According to the text, economists David Gould, G.L. Woodbridge, and Roy Ruffin examined the data on the relationship between increases in imports and the rate of unemployment. They found that

• A) free trade leads to increased unemployment.
• B) there is not a causal link between increases in imports and the rate of unemployment.
• C) increases in imports always precede increases in unemployment by a period of 6 months to one year.
• D) increases in unemployment always precede increases in imports by a period of 6 months to one year.

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Definitions:

Lower-order Needs

Basic human needs in Maslow’s hierarchy, such as physiological and safety needs, which must be satisfied before higher-order needs can be pursued.

Maslow's Hierarchy of Needs Theory

A psychological theory that categorizes human needs into a five-level pyramid, starting from basic physiological needs to self-actualization.

Higher-order Needs

Psychological needs that are associated with personal achievement, self-respect, and the recognition and respect of others.

Practical Managerial Questions

Real-world, applied queries that managers address to solve operational problems and improve organizational performance.