Approximately half of all U.S. workers are employed by various levels of government.
Answer the following statement true (T) or false (F)
False
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Refer to Figure 4.1. All else equal, a decrease in the government's budget deficit will cause
A) a shift from S1 to S2. B) a shift from S2 to S1. C) a change in the interest rate from r2 to r1. D) a change in loanable funds from L2 to L1.
The object of U.S. technological choices, according to Rosenberg (1963), was to conserve scarce productive factors and exploit plentiful ones
Indicate whether the statement is true or false
A government-imposed restriction on the quantity of a specific good that another country is allowed to sell in the U.S. is
A) a regional trade bloc. B) an import quota. C) a voluntary import expansion. D) a voluntary restraint agreement.
Which of the following types of unemployment would be reduced by government- subsidized retraining programs?
a. cyclical b. frictional c. seasonal d. structural