Infant industries often refer to:
A) the foreign industries.
B) the fledgling domestic industries.
C) the public sector undertakings.
D) the agriculture-based industries.
B
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The amount of frictional unemployment depends on
A) the phase of the business cycle. B) the time of the year. C) international competition. D) demographic factors and unemployment benefits. E) Both answers A and B are correct.
An increase in the money supply causes the interest rate to fall, investment spending to rise, and aggregate demand to shift right
a. True b. False Indicate whether the statement is true or false
Critics of trade adjustment assistance argue that:
A. the small fraction of workers losing jobs to international trade are no more deserving of assistance than others suffering job loss. B. it raises prices for consumers. C. it keeps firms operating in industries where they are no longer competitive. D. it reduces the incentive for firms to invest in new technologies to maintain competitiveness.
Strong economic growth since 1960 has allowed nations like Singapore and Ireland to surpass nations such as the United Kingdom and France in real GDP per capita.
a. true b. false