Which of the U.S. industries below has not seen major shutdowns and layoffs because of free foreign trade?
A. Textiles.
B. Financial services.
C. Steel.
D. Apparel.
B. Financial services.
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In a competitive market free of government regulation,
A. price adjusts until quantity demanded is less than quantity supplied. B. supply adjusts to meet demand at every price. C. price adjusts until quantity demanded is greater than quantity supplied. D. price adjusts until quantity demanded equals quantity supplied.
A company unexpectedly announces a product recall due to safety concerns about its product. According to the efficient markets hypothesis, this news should
a. raise the price of the company's stock. b. not affect the price of the company's stock. c. reduce the price of the company's stock. d. More information is needed to answer the question.
Assume a central bank follows a rule that requires it to take steps to keep the price level constant. If the price level fell because of a decrease in aggregate demand and an increase in aggregate supply that kept output unchanged, then
a. the central bank would have to raise interest rates which would decrease output. b. the central bank would have to raise interest rates which would increase output. c. the central bank would have to reduce interest rates which would decrease output. d. the central bank would have to reduce interest rates which would increase output.
U.S. exports are included in aggregate demand because the exports contribute to the total ______.
a. spending on goods and services by U.S. consumers b. U.S. demand for foreign goods and services c. U.S. sales of goods and services by foreign producers d. demand for U.S. goods and services