Trade adjustment assistance provides special unemployment benefits, loans, retraining programs, and other aid to workers and firms that are harmed by foreign competition.

Question

Quizplus · Accepted Answer

This statement is true. Trade adjustment assistance (TAA) is a federal program that provides various forms of assistance to workers and firms affected by increased imports or shifts in production patterns due to foreign competition. This program helps alleviate the negative economic impacts of global trade by providing support for affected workers and businesses.

Trade Adjustment Assistance Provides Special Unemployment Benefits, Loans, Retraining Programs