A discouraged worker is an individual who has been unemployed for a significant amount of time and has given up looking for a job because he or she is demoralized about his or her job prospects
a. True
b. False
Indicate whether the statement is true or false
True
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An appreciation of the U.S. dollar ________ the price of U.S. imports, and ________ the price of U.S. exports
A) lowers, lowers B) increases, increases C) increases, lowers D) lowers, increases
Suppose demand for a good is QD = 100 - P and supply is QS = -20 + P. Suppose that a nationwide quota (of 20) is enforced so that more can be used in a war effort. What is the price?
a. 20 b. 40 c. 60 d. 80
Poverty thresholds are adjusted ______ for inflation.
a. weekly b. monthly c. annually d. each decade
The use of trade barriers to enforce standards abroad raises all of the following concerns EXCEPT
A) the potential deadweight losses in consumption and production at home. B) the potential for the use of trade barriers to erupt into a bigger trade war. C) the difficulty of knowing whether some of the concerns are over standards or are veiled protectionism. D) only small countries may be able to use trade barriers effectively.