Question: Discovering Data In this chapter, we learned that workers displaced by import competition are eligible for compensation through the Trade Adjustment Assistance program. Firms are

Discovering Data In this chapter, 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 http://www.taacenters.org to read about this program, then answer the following questions:

a. Describe the criteria a firm has to meet to qualify for benefits.

b. What amount of money is provided to firms, and for what purpose? Describe one of the “success stories,” in which a firm used financial assistance to improve its performance.

c. Provide an argument for and an argument against the continued funding of this federal program.

LO.1

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