Question

How does the trade adjustment assistance program attempt to help domestic firms and workers who are displaced as a result of import competition? Check all that apply. Job training Extended income support beyond normal unemployment insurance benefits Higher import tariffs Higher import quotas

Answer 1

Job training- provided to workers

Extended income - provided to workers who used their unemployment compensations

Unemployment insurance- provided to workers who have their reemployment arrangements at lower rates

Higher import tariffs and quotas-program helps companies in improving their competitiveness

Step-by-step explanation:

• Job training - provides training to worker who have been laid off or about to be laid off
• Extended income support beyond normal - workers who qualify for Trade Readjustment Allowance have weekly income payments if they exhausted their unemployment compensations
• Unemployment insurance benefits-Reemployment Trade Adjustment Assistance is a wage insurance program for workers who have reemployment arrangement at lower rates
• Higher import tariffs and quotas- as for firms, Trade Adjustment Assistance provides help to manufacturers and service firms affected by the import competition, in way that it improves firm's competitiveness.