Which group is most likely to be adversely affected by the importation of foreign steel?
A. Domestic steelworkers.
B. Consumers of domestic automobiles for which steel is an input.
C. Foreign steel producers.
D. Domestic automobile workers.
Answer: A
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At full employment, there is no
A) structural unemployment. B) frictional unemployment. C) unemployment. D) structural and seasonal unemployment. E) cyclical unemployment.
Under both the gold standard and the gold exchange standard countries bought and sold U.S. dollars to maintain a fixed exchange rate with the dollar
a. True b. False Indicate whether the statement is true or false
Adverse selection
a. occurs when the overall quality of choices facing a consumer is very low. b. is a greater problem for employees than employers. c. occurs more frequently in the market for new cars than used cars. d. is not easily remedied by free markets.
The Fed changes the discount rate as part of its policy to reach all of the following objectives except
A. Price stability B. High employment C. Economic growth