Multiple Choice
Which statement(s) is TRUE?
I. When U.S. consumers buy lower-priced imports, they have more money to buy other goods, leading to increased jobs in other industries.
II. On net, free trade reduces total employment.
III. When foreign producers receive U.S. dollars for their exports, some of these dollars are used to buy U.S. goods and assets, increasing employment in U.S. exporting industries.
A) I only
B) II only
C) I and III only
D) III only
Correct Answer:

Verified
Correct Answer:
Verified
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Q91: Use the following to answer questions:<br>Figure: Trade
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Q93: Use the following to answer questions:<br>Figure: Foreign
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Q97: Use the following to answer questions:<br>Figure: International
Q98: Use the following to answer questions:<br>Figure: International
Q99: Use the following to answer questions:<br>Figure: Foreign