Consider the Following Statement: "Canadians on Average Are Worse Off

Consider the following statement: "Canadians on average are worse off when some manufacturing jobs migrate from Canada to low- wage countries in Central America." This statement is because _ .

A) incorrect; the permanent gains to consumers from lower prices outweigh the temporary losses to the displaced manufacturing workers
B) incorrect; low- wage countries do not produce manufactured goods
C) correct; Canadian firms cannot compete with production in low- wage countries
D) incorrect; there are no Canadians made worse off by such an event
E) correct; the loss of manufacturing jobs leads to permanent income losses in Canada