U.S. unemployment as a result of freetrade agreements such as NAFTA
a. should be taken much more seriously, and workers should be offered assistance.
b. is a temporary phenomenon to which the economy will adjust within a few years.
c. results in a shift into lower productivity jobs such as hamburger flipping.
d. results in a shift into lower productivity jobs such as hamburger flipping and is a temporary phenomenon to which the economy will adjust within a few years.
Answer: b. is a temporary phenomenon to which the economy will adjust within a few years.
You might also like to view...
Critics of targeting a zero inflation rate believe that achieving zero inflation is almost impossible and the costs are too high
a. True b. False Indicate whether the statement is true or false
Phoenix is a schoolteacher. In which of the following situations is she experiencing diminishing marginal utility?
a. She loves her whiteboard, but when she receives a second one for her classroom, she finds she rarely uses it. b. She buys extra crayons for her class using her own money because her students use up crayons so quickly. c. She complains to the administration that she does not have enough supplies for her classroom; she has 32 students this year! d. She realizes that it would be useless to purchase electronic tablets for the classroom unless she buys enough for the entire class.
Compared to the other sources of spending, net exports is
A) large and negative. B) small and negative. C) large and positive. D) small and positive.
What was the rate of growth of real GDP from 1960 to 2010?
a. 19% b. 81% c. 110% d. 376%