Which of the following is NOT true regarding job destruction due to trade?
A) Trade does not destroy jobs; it simply moves jobs to different industries.
B) Short-run worker transition may be hard, but in the long run the result is increased wages.
C) Trade results in the United States over the past 100 years include decreased employment and lower living standards.
D) Trade encourages workers to transition to industries that are low-cost producers of goods.

Question

Quizplus · Accepted Answer

Trade has not resulted in decreased employment and lower living standards in the United States over the past 100 years. In fact, trade has led to increased employment and higher living standards for most Americans. Therefore, option C is not true. Options A, B, and D are all true regarding job destruction due to trade.

Which of the Following Is NOT True Regarding Job Destruction