13. Even if trade does not reduce the number of jobs, it could affect wages. True or False.

a. True

b. False

Booster class

Microeconomics

Skill

Understanding Protectionism

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Raushan RajLv8

3 Nov 2020

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Related questions

14. As international trade increases, it contributes to a shift in jobs away from industries where that economy does not have a comparative advantage and toward industries where it does have a comparative advantage. True or False.

a. False

b. True

Explain the statement if it is True or False.

"Does higher salaries and better wages, improved worker attitudes (i.e. satisfaction, commitment, etc.) and help keep valuable employees from looking at alternative jobs?"

tantiger849

The following is a list of statements relating to the impact of free trade on wages and employment. Indicate whether the statement is TRUE or FALSE by dragging and dropping the appropriate term into the boxes provided.

(T or F) 1. A trade agreement reducing trade barriers between the US and a low-income/low-wage economy would lead to an increase in the unemployment rates in the US.

(T or F) 2.Free trade does not generally benefit those employed in high-skill, high wage jobs.

(T or F) 3.Free trade generally increases the wage rates and productivity across an economy.

(T or F) 4.A trade agreement reducing trade barriers between the US and a low-income/low-wage economy would reduce employment in low wage service industry jobs in the US.