Trade adjustment assistance:
A. provides financial assistance to all unemployed workers in the United States.
B. guarantees jobs for all workers displaced by imports or plant relocations abroad.
C. provides assistance to about 20 percent of unemployed U.S. workers each year.
D. provides cash assistance for workers displaced by imports or plant relocations abroad.
D. provides cash assistance for workers displaced by imports or plant relocations abroad.
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Income redistribution:
a. reduces the reward for production behavior b. encourages socially wasteful rent seeking c. leads to higher tax rated d. all of the above
The ________ surplus will rise if the price of the good ________.
A. producer; falls B. consumer; rises C. total; rises D. consumer; falls
Suppose that with 1 unit of labor, Canada can produce 40 TVs or 20 computers. With 1 unit of labor, Taiwan can produce 30 TVs or 10 computers. Which of the following is correct?
A. Taiwan has a comparative advantage in the production of computers. B. Canada has an absolute advantage in the production of neither good. C. Canada has a comparative advantage in the production of computers. D. Taiwan has an absolute advantage in the production of computers. E. Taiwan has an absolute advantage in the production of TVs.
If someone has a comparative advantage in growing pineapples,
A. pineapples are the only product she can grow. B. she can grow more pineapples using the same resources than other pineapple growers. C. she can grow pineapples at a lower opportunity cost than other pineapple growers. D. she also has an absolute advantage in growing pineapples.