A.comfort B.retrain C.exotic D.unsold
E.efficiently F.efficaciously G.suffer H.imports
I.restrain J.expansion K.domestic L.exports
M.Over N.About O.resources
In the United States, the main argument for protection of domestic industry is that foreign competition costs Americans their jobs. When we buy Japanese cars, U.S. cars go
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. This leads to a decline in the
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auto industry. When we buy German steel, steelworkers in the northern part of America lose their jobs. It is true that when we buy goods from foreign producers, domestic producers in the U.S.
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But there is no reason to believe that the workers thrown out of employment in the contracting sectors will not find jobs in other expanding sectors. Foreign competition in textiles, for example, has thrown thousands of workers out of work in New England. But with the
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of new industries, the unemployment rate in this area fell to one of the lowest in the country in the mid-1980s.
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time the United States lost its advantage in textiles to countries with larger unskilled labor
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, but other new industries have grown up in which the United States does have a greater advantage.
Of course, it is very difficult for workers to accept the fact of being jobless. The knowledge that some other industry, perhaps in some other part of the country may be expanding, is of little
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to the person whose skills become out of date. The social and personal problems brought about by unemployment and out of date skills as a result of foreign competition deserve close attention. These problems can be solved in two ways. We can stop
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and give up the gains from free trade, claiming that we are willing to pay more to save domestic jobs in industries that can produce more
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abroad. Or we can aid the victims of free trade in a more effective way, helping to
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them for jobs with a future.