Asked by Dorthie Brown on May 05, 2024
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Trade adjustment assistance provides subsidies to companies that have lost business to foreign firms.
Trade Adjustment Assistance
A federal program offering aid to workers who lose their jobs or whose hours and wages are reduced due to the impact of international trade.
Subsidies
Financial support provided by the government to businesses, individuals, or other governmental bodies, intended to encourage production, reduce prices, or support activities deemed beneficial.
Foreign Firms
Companies that operate in a country other than where their headquarters are located.
- Analyze the effects of tariffs, quotas, and other trade barriers on domestic and international markets.
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Learning Objectives
- Analyze the effects of tariffs, quotas, and other trade barriers on domestic and international markets.
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