Economists believe that layoffs and wage declines due to increased imports:
A) are the most critical problem facing the economy today.
B) may be caused by factors such as changing technology and changing demands for workers rather than by increased imports.
C) should be addressed by the WTO, which usually ignores such issues.
D) are so minor that we may safely ignore them.

Question

Quizplus · Accepted Answer

Economists do not view layoffs and wage declines solely as a result of increased imports but also acknowledge that changing technology and shifting labor demands play a significant role. Therefore, the answer is B.

Economists Believe That Layoffs and Wage Declines Due to Increased