Trade adjustment assistance provides special unemployment benefits, loans, retraining programs, and other aid to workers and firms that are harmed by foreign competition.
Answer the following statement true (T) or false (F)
True
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All of the following are exempt from antitrust laws EXCEPT
A) labor unions. B) professional baseball. C) oil companies. D) public utilities.
As a result of the decrease in donut prices at Real Yum Donuts, Dippin Donuts managers discover that the demand for their donuts has: a. increased
b. decreased. c. not changed. d. none of the above
Which of the following holds true if a country is said to have a comparative advantage in the production of wheat?
a. The country can produce more wheat than any other nation. b. The opportunity cost of producing wheat is the lowest in the country. c. The price of wheat is the lowest in that country. d. Domestic wheat is of the best quality in the world. e. The country can produce only wheat.
Notice the situation that results when the price of coffee is $2 a pound. Which of the following would establish equilibrium?
a. Keep the price the same; increase the quantity supplied to 6,000 pounds.
b. Increase the price to $4; keep the quantity supplied the same.
c. Decrease the price to $1; decrease the quantity supplied to 2,000 pounds.
d. Increase the price to $3; increase the quantity supplied to 5,000 pounds.