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Which of the following is a critique of the Trans-Pacific Partnership?

A. It will reduce competition among producers.
B. It will cause job cuts and increase unemployment in the United States.
C. It will restrict the flow of labor and goods in the Asia-Pacific.
D. It will reduce consumers' access to foreign products.



Answer :

GinnyAnswer

Final answer:

The Trans-Pacific Partnership faced criticism for potentially causing job cuts and increasing unemployment in the United States due to its provisions allowing corporations to sue countries for discriminatory practices.


Explanation:

Critique of the Trans-Pacific Partnership:

  • Correct Answer: B. It will cause job cuts and increase unemployment in the United States.
    The Trans-Pacific Partnership (TPP) faced criticism for potentially leading to job cuts and increasing unemployment in the United States. This is due to the establishment of an Investor-state dispute system that allows global corporations to sue countries for practices deemed discriminatory, potentially impacting job security.
  • Additional Information:
  • The TPP was designed to eliminate tariff and regulatory barriers to trade between Pacific Rim countries, but concerns arose regarding the impact on domestic firms and workers, specifically in import-competing industries.
  • Outsourcing resulting from free trade agreements can lead to the movement of jobs from higher wage countries to lower wage countries, creating environmental and labor issues.

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