The Trade Adjustment Assistance program is:
A) an unemployment insurance program regardless of the reason for job loss.
B) an unemployment insurance program that pays for job loss due to import competition.
C) a subsidy program for the producers.
D) a tax on importers of foreign goods.

Question

Quizplus · Accepted Answer

The Trade Adjustment Assistance program provides financial assistance, job training, and other support to workers who lose their jobs or experience reduced hours and wages as a result of increased imports or shifts in production overseas. This program is specifically designed to help workers who have lost their jobs due to import competition, making option B the correct choice.

The Trade Adjustment Assistance Program Is