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The argument that international trade ,and globalization causes a decrease in U.S. jobs is:

Select one:

a.

supported by economic theory but not actually seen in the data

b.

According to economists, true and the main reason economists are in favor of protectionist policies that limit international trade

c.

According to economists not accurate because trade also increases jobs, so the net effect is a rearranging of jobs, not a decrease

d.

none of the above

A floating exchange rate is:

Select one:

a.

one influenced by market forces, subject to government intervention to keep it within a certain range.

b.

one determined primarily by market forces.

c.

one determined primarily by central banks.

d.

not influenced by market forces or government intervention.