When Ross Perot ran for president as a third party candidate in 1992
18) When Ross Perot ran for president as a third party candidate in 1992, he argued that free trade with
Mexico would result in massive job losses in the United States because Mexican wages were so low.
Which of the following is the best explanation for why few economists agreed with Perot?
a) Although economists agreed that in some areas the United States would lose jobs,
they expected that the United States would gain jobs in other areas.
b) Economists believed that the U.S. unemployment rate would rise.
c) Although economists predicted that unemployment would rise, the increased profits
of corporations would raise stock prices enough to compensate for the lost jobs.
d) Economists did not believe that any jobs would be lost in the United States.
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