In 2018, the unemployment rate in the United States went as low as 3.7%, as measured by the Bureau of Labor Statistics. This historically low level of unemployment occurred simultaneously with a large trade deficit. This provides evidence against which of the following arguments against international trade?

Question

Quizplus · Accepted Answer

The historically low level of unemployment in the United States in 2018 provides evidence against the argument that international trade may lead to job loss. With unemployment at a low level, it suggests that trade did not result in job displacement, but could have potentially contributed to job creation.

In 2018, the Unemployment Rate in the United States Went