In the text, we learned that workers displaced by import competition are eligible for compensation through the Trade Adjustment Assistance program. Firms are also eligible for support through Trade Adjustment Assistance for Firms, a federal program that provides financial assistance to manufacturers affected by import competition. Go to www.taacenters.org to read about this program, and answer the following questions:
a. What criteria does a firm have to satisfy to qualify for benefits?
b. What amount of money is provided to firms, and for what purpose?
c. Provide an argument for and an argument against the continued funding of this federal program.