Multiple Choice
Economists believe that layoffs and wage declines due to increased imports:
A) are the most critical problem facing the economy today.
B) may be caused by factors such as changing technology and changing demands for workers rather than by increased imports.
C) should be addressed by the WTO, which usually ignores such issues.
D) are so minor that we may safely ignore them.
Correct Answer:

Verified
Correct Answer:
Verified
Q65: (Table: Sales and Payments) Suppose that the
Q66: From 1807 to 1809, a trade embargo
Q67: Suppose that the home country in the
Q68: The term <i>real wages</i> refers to:<br>A) a
Q69: In the two-sector (manufacturing and agriculture) specific-factors
Q71: (Table: Home and Foreign Prices for Manufacturing
Q72: (Table: Revenues and Costs for Two Industries)
Q73: Trade Adjustment Assistance provides:<br>A) training to those
Q74: Suppose that world demand shifts away from
Q75: In what way does the specific-factors model