All of the following are generally true about trade-displaced workers EXCEPT that they ________.
A) move abroad to take new jobs
B) earn less in their new jobs than they earned in their old ones
C) spend their unemployment benefits on living rather than retraining
D) have difficulty finding new work because of educational deficiencies
A) move abroad to take new jobs
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Firms in a cartel have an incentive to cheat on the cartel agreement because they suspect the other firms are cheating as well.
Answer the following statement true (T) or false (F)
Utility is
a. the sense of pleasure or satisfaction derived from consuming goods and services b. the cost of acquiring goods and services c. the profit consumers earn from consuming goods and services d. the monetary value to consumers of goods and services e. the desire to consume goods and services
Which of the following is likely under free trade and monopolistic competition?
a. Domestic firms will always be provided cash subsidies. b. Some domestic firms will shut down. c. Consumers will not benefit at all from trade. d. Foreign firms will sell the product at a higher price in the export market.
Refer to Exhibit 2-5. Which of the following labeled points are productive efficient?
 ANSWER 6.png)