Which statement is false?
A. International trade helps every country.
B. The economics profession is nearly unanimous in advocating free trade.
C. The jobs that are lost due to foreign imports can be gained by our export sector.
D. Recent Presidents of the United States support free trade in word and deed.
D. Recent Presidents of the United States support free trade in word and deed.
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Suppose the government increases its expenditures by $100 million and finances the resulting deficit by selling bonds. Then the LM curve will
A) shift rightward. B) shift leftward. C) become steeper. D) None of these.
You turn to the Treasury bond market page of a newspaper and look under the column headed "Ask" and see that it says, "128:16" this indicates that
A) the price that the buyer is willing to pay for this bond is $128.16. B) the price that the buyer is willing to pay for this bond is $1,280.16. C) the price that the seller is willing to sell this bond for is $1,285. D) the price that the seller is willing to sell this bond for is $128.16.
In a market economy, the government's power to coerce can:
A. undermine economic efficiency by increasing private-sector risk. B. improve economic efficiency by directing all resources to their most valued uses. C. reduce private-sector risk and increase economic efficiency. D. cause significant negative externalities.
Scholarly estimates of the impact of immigration on the average American wage rate are in the range of:
A. -3% to +2% B. -3% to -2% C. -1% to +3% D. -5% to +1%