U.S. job losses cited by anti-trade critics
A) are mostly a short-term problem in isolated industries.
B) are non-existent.
C) affect only capital-intensive U.S. industries.
D) are mostly due to poor training by U.S. firms.
A
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Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential
Let C = 120 + 0.8y. Assume no government or foreign sectors. At the equilibrium level of income, y* = 200, the level of saving is
A) -80. B) -30. C) 96. D) 160.
The passage of major pieces of consumer protection legislation in the postwar period
a. was one of the most dramatic development of that period. b. was influenced by the "red scare," and other hysteria over rumors of deliberate sabotage of consumer products. c. often were the result of highly visible public tragedies. d. Both a and b are correct. e. Both a and c are correct.
According to the FTC, antitrust regulations are in place because mergers that lessen competition can lead to:
a. too many goods and services. b. higher quality products. c. higher prices. d. a decentralized market.