"Canadians, on average, are worse off when some manufacturing jobs migrate from Canada to low-wage countries in Central America." This statement is _____ because...

a.Incorrect; the permanent gains to consumers from lower prices outweigh the temporary losses to the displaced manufacturing workers.

b.Incorrect; there are no Canadians made worse off by such an event.

c.Correct; Canadian firms cannot compete with production in low-wage countries.

d.Incorrect; low-wage countries do not produce manufactured goods.

e.Correct; the loss of manufacturing jobs leads to permanent income losses in Canada.