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.
d
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Which of the following is a valid reason to consider government regulation?
A. Seeking some social objective that markets do not achieve. B. Fear that capitalism will prove too productive. C. Desire on the part of government to be useful. D. Requests for protection for an industry. E. All of the responses are correct.
In the above figure, if the firm is in monopolistic competition, it will produce
A) 40 units. B) 60 units. C) between 61 and 99 units. D) 100 units.
Chapter 16 on "Financial System Design" calls the asymmetric information problem discussed in earlier chapters the __________ conflict
A) manager-stockholder B) stockholder-lender C) manager-lender D) profit-risk
Historically, when a diverse set of stocks is held over a lengthy time period, stocks have yielded a ______ rate of return and the variation in the rate of return has been _______.
A) low; high B) high; high C) high; low D) low; low