>> Business Economics
The following is a list of statements relating to the impact of free trade on wages and employment. Indicate whether the statement is TRUE or FALSE by dragging and dropping the appropriate term into the boxes provided.
(T or F) 1. A trade agreement reducing trade barriers between the US and a low-income/low-wage economy would lead to an increase in the unemployment rates in the US.
(T or F) 2.Free trade does not generally benefit those employed in high-skill, high wage jobs.
(T or F) 3.Free trade generally increases the wage rates and productivity across an economy.
(T or F) 4.A trade agreement reducing trade barriers between the US and a low-income/low-wage economy would reduce employment in low wage service industry jobs in the US.