US Unemployment as a Result of Free-Trade Agreements Such as NAFTA

question 59

Multiple Choice

U.S. unemployment as a result of free-trade agreements such as NAFTA:

• A) should be taken much more seriously, and workers should be offered assistance.
• B) is a temporary phenomenon to which the economy will adjust within a few years.
• C) results in a shift into lower productivity jobs such as hamburger flipping.
• D) results in a shift into lower productivity jobs such as hamburger flipping and is a temporary phenomenon to which the economy will adjust within a few years.

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Definitions:

Law of Agency

A legal principle governing the relationship between a principal and their agent, where the agent is authorized to act on behalf of the principal in contractual or business transactions.

Apparent Authority

A situation where a person appears to have the authority to act on behalf of an organization, leading others to reasonably believe they have such power.

Implied Authority

The power assumed by a person that is reasonably necessary to carry out his or her expressed powers.

Reasonable Opportunity

A circumstance or condition that allows for a fair and plausible chance to pursue an action, achieve a goal, or resolve a problem, based on logical or practical considerations.