The International Economy And Globalization
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- The International Economy And Globalizationeconomics-mcqs › the-international-economy-and-globalization
- Published
- 27 May 2019
- Last updated
- 28 May 2026
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Which sector is most prone to experiencing short-term job losses due to the push for free international trade?
Multiple choice question for The International Economy And Globalization. Select an option, then review the explanation below.
Explanation
Industries that face direct competition from imports tend to experience short-term unemployment when free trade policies are implemented, as they must adjust to increased foreign competition. In contrast, sectors not engaged in trade or those focused solely on exports are less likely to see immediate job losses.
More The International Economy And Globalization MCQs
Practice related questions from the same subject.
- 1.In which type of goods do Less Developed Countries (LDCs) typically hold a comparative advantage?
- 2.Why did output decline drastically in the economies undergoing transition?
- 3.When products are sold abroad at prices below the marginal cost of production and the marginal benefit to local consumers, which policy is most likely supporting this situation?
- 4.How do tariffs affect the production levels of domestic companies and the consumption habits of consumers?
- 5.The equilibrium exchange rate adjusts to neutralize disparities in which of the following international economic factors?