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:

Stock Split

A corporate action that increases the number of shares outstanding by dividing each share, which typically reduces the share price.

Par Value

The face value of a bond or the stated value of a share of stock at the time it is issued, typically used in accounting and finance.

Legal Entity

A legal entity is an organization that has legal rights and obligations, including the ability to enter into contracts and loans, sue and be sued, and is required to pay taxes.

Authorized Stock

The upper limit of shares a corporation is allowed to issue, according to its founding documents.