If Trade Causes Shifts in Production So That Some Workers

question 37

Multiple Choice

If trade causes shifts in production so that some workers are laid off, most economists conclude:

• A) that the nation should extend unemployment benefits for a longer period.
• B) that the situation is usually temporary because there are jobs created in export industries.
• C) that we should expect wages to fall and therefore should not allow imports to take U.S. jobs.
• D) that all workers will be better off because overall the equilibrium wage will rise.

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Definitions:

Workplace

A location or environment where people engage in physical or intellectual tasks to earn a livelihood; can vary from office settings to outdoor locations.

Work Ethic

A set of values based on the virtues of hard work and diligence, emphasizing the importance of responsibility, integrity, and perseverance in professional settings.

Outside the Home

Activities or work performed away from one's residence, often relating to employment or socialization in public or communal spaces.

David Reisman

A noted American sociologist best known for his work on the theory of social character and the book "The Lonely Crowd", examining changes in American character and society.