How does the U.S. federal government assist workers who have lost their jobs due to international trade?
What will be an ideal response?
The federal government uses the Trade Adjustment Assistance Program to provide funds for workers who have lost their jobs due to international trade. Qualified unemployed workers can use these funds to pay for retraining, for searching for new jobs, or for relocating to areas where new jobs are available.
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In the figure above, curve B is the ________ curve
A) average fixed cost B) average variable cost C) average total cost D) marginal cost
The civilian non-institutional population can be broken down into two groups:
A) employed persons and unemployed persons. B) persons working and persons not working. C) persons working in service jobs and persons working in manufacturing jobs. D) persons not in the labor force and persons in the labor force.
In the long run, if ATC equals price at the output level where MC = MR then:
A) new firms may be incentivized to enter the industry. B) the firm will shut down. C) the firm will earn a normal profit. D) the firm may be able to minimize losses.
Trade theory suggests that increased trade leads to increased wage equality
Indicate whether the statement is true or false