Typically, restrictions to "save domestic jobs" simply redistribute jobs by creating:
a. employment in the protected industry and reducing employment elsewhere.
b. employment in nonprotected industries and reducing employment in the protected industry.
c. labor unions in the nonprotected industries at the expense of employment in the protected industries.
d. employment in the primary sector at the expense of the secondary sector.
e. labor unions in the protected industries at the expense of employment in nonunionized industries.
a
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If a country chooses to have a monetary policy oriented toward domestic goals and a fixed exchange rate, then
A) it can have the freedom of international capital movements. B) it cannot have the freedom of international capital movements. C) it cannot balance its current account. D) it cannot have fiscal policy oriented toward domestic goals. E) it cannot control money supply growth.
Refer to the figure below where the nominal interest rate equals 6% and the money supply equals 600. If the Federal Reserve wants to set the nominal interest rate at 4%, it must conduct open market ________ to set the money supply at ________.
A. purchases; 200 B. sales; 800 C. sales; 200 D. purchases; 800
Over the last 20 years, Americans APC has
A. never been above 0.9. B. sometimes been above 0.9. C. usually been above 0.9. D. always been above 0.9.
Maximum Feasible Hourly Production Rates of EitherCuckoo Clocks or Movies Using All Available ResourcesProductUnited StatesSwitzerlandCuckoo Clocks42Movies104Refer to the above table. If opportunity costs are constant, residents of the United States will gain from specializing and trading with Switzerland if they
A. produce both clocks and films and export clocks to Switzerland. B. import clocks and export films. C. produce both clocks and films and export both to Switzerland. D. import films and export clocks to Switzerland.