Chat with AI
Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 38
Economics in the News
Aid May Grow for Laid-Off Workers
Expansion of the Trade Adjustment Assistance (TAA) program would improve the social safety net for the 21st century, as advances permit more industries to take advantage of cheap foreign labor-even for skilled, white-collar work. By providing special compensation to more of globalization's losers and retraining them for stable jobs at home, an expanded program could begin to ease the resentment and insecurity arising from the new economy.
a. Why does the United States engage in international trade if it causes U.S. workers to lose their jobs?
b. Explain how an expansion of the TAA program will make it easier for the United States to move toward freer international trade.
Aid May Grow for Laid-Off Workers
Expansion of the Trade Adjustment Assistance (TAA) program would improve the social safety net for the 21st century, as advances permit more industries to take advantage of cheap foreign labor-even for skilled, white-collar work. By providing special compensation to more of globalization's losers and retraining them for stable jobs at home, an expanded program could begin to ease the resentment and insecurity arising from the new economy.
a. Why does the United States engage in international trade if it causes U.S. workers to lose their jobs?
b. Explain how an expansion of the TAA program will make it easier for the United States to move toward freer international trade.
Explanation
Verified
Verified
(a) United states engage in internationa...
Macroeconomics 11th Edition by Michael Parkin
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
