Approximately how many U.S. workers received Trade Adjustment Assistance from 1994 to 2002 as a result of job losses due to NAFTA?
a. 525 million
b. 52.5 million
c. 5.25 million
d. 0.525 million
Ans: d. 0.525 million
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In 2003, the Bush administration revised the tax bill to include provisions to
A) increase taxes on capital gains. B) delay tax increases from the 2001 bill. C) decrease the child tax credit. D) lower taxes on dividends.
Minimum wages create unemployment in markets where they create a
a. shortage of labor. Unemployment of this type is called frictional. b. shortage of labor. Unemployment of this type is called structural. c. surplus of labor. Unemployment of this type is called frictional. d. surplus of labor. Unemployment of this type is called structural.
Optimal market outcomes are the same as perfect market outcomes.
Answer the following statement true (T) or false (F)
Table 14.4Table 14.4 represents 3 markets for used motorcycles. Which of the markets in Table 14.4 are not in equilibrium?
A. 1 only B. 2 only C. 3 only D. 1 and 3