In the United States, trade adjustment assistance
A. is often criticized on the ground that it provides benefits to millions of workers each year who have not actually been affected by increased imports.
B. provides incentives for workers to search for new jobs outside an import-competing industry before they lose their jobs in this industry.
C. provides subsidies to firms who produce exportable commodities.
D. provides workers who have been displaced from import-competing firms with additional months of unemployment compensation.
Answer: D
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________ refers to any factor that keeps the market wage above the level that would clear the labor market
A) Wage discrimination B) Price ceiling C) Wage rigidity D) Wage stability
What is a currency system in which each country tries to keep the value of its currency constant against one another called?
What will be an ideal response?
If the price for a box of kiwis is $40, the wage rate for kiwi laborers is $10 per hour, and a laborer can pick 3 boxes of kiwis per hour, the
A. MRP is $30 per hour. B. Cost efficiency is 3/10 of a box per dollar. C. MPP is $30 per hour. D. Wage rate will tend to fall.
Mel is thinking of going on a cruise. Mel values a cruise in nice weather at $2,000 and values a cruise in bad weather at $50. The probability of nice weather is 60 percent and the probability of bad weather is 40 percent. Trip insurance is sometimes available. If purchased, it allows travelers to delay the cruise until the weather is nice. The amount of money that Mel is willing to pay for trip insurance will be:
A. the same regardless of whether she is risk-averse or risk-neutral. B. positive if she is risk-neutral and negative if she is risk-averse. C. lower if she is risk-averse instead of risk-neutral. D. higher if she is risk-averse instead of risk-neutral.