Some observers opposing free trade argue that when we buy shoes from Brazil, U.S. workers lose their jobs. The fact of the matter is that

A) no U.S. worker has actually lost a job because of free trade.
B) most jobs lost because of free trade pay less than the poverty level.
C) free trade creates jobs in export industries.
D) the jobs lost are really in Brazil.

C

Economics

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If Country A and Country B have the same population size, then the standard of living in these two countries can still be different depending on:

A. their respective political systems. B. the relative sizes of total output. C. their respective inflation rates. D. their relative geographic size.

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