Some Argue That U

question 84

Multiple Choice

Some argue that U.S. workers cannot compete with cheap labor from many developing nations. This

• A) is true and is a justification for tariffs to protect domestic jobs.
• B) is true and it is has been found that tariffs in these cases can save thousands of jobs and benefit the economy.
• C) is true but the benefits of free trade are still such that tariffs should not be placed on these industries.
• D) is not true, as evidenced by the fact that the United States carries on a lot of trade with countries that have lower wages.

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Definitions:

Financial Performance

Financial performance refers to the assessment of a company's revenue, expenses, and earnings to understand its economic health and efficiency.

Foreign Exchange Rate

The price of one currency in terms of another currency, determining how much of one currency can be exchanged for another.

Business Transactions

Financial activities or operations that involve an exchange of goods, services, or funds between two or more parties.

Equity Securities

Equity securities represent an ownership interest held in a company by individuals or firms in the form of stocks.