The Trade Adjustment Assistance program is intended to help
A. businesses that seek to expand exports into protected foreign markets.
B. local governments that are harmed when businesses fail as imports increase.
C. protected industries obtain improved technology in order to increase productivity.
D. workers and businesses that lose markets because of increases in imports.
Answer: D
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Which of the following is an example of a price floor?
A. Rent controls B. Maximum prices for gasoline C. Usury laws that set maximum interest rates D. The minimum wage
The majority of members of the Federal Open Market Committee are
A) Federal Reserve Bank presidents. B) members of the Federal Advisory Council. C) presidents of member banks. D) the seven members of the Board of Governors.
Which of the following statements is true?
a. The doctrine of laissez-faire advocates an economic system with extensive government intervention and little individual decision-making. b. In capitalism income is distributed on the basis of need. c. Adam Smith was the father of socialism. d. Most real-world economies are mixed economic systems. e. The "invisible hand" refers to government economic control.
Deflation is generally considered by economists to be a positive economic situation because it creates strong job growth
Indicate whether the statement is true or false.