The Trade Adjustment Assistance Act of 2002:
A. enacts temporary tariffs to enable firms hurt by foreign competition to transition to new industries or improve their international competitiveness.
B. subsidizes firms for a maximum of two years as they try to establish themselves in foreign markets.
C. provides price supports on domestically produced goods for up to 52 weeks.
D. provides financial help for up to 78 weeks for workers displaced by imports or plant relocations abroad.
D. provides financial help for up to 78 weeks for workers displaced by imports or plant relocations abroad.
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Evidence suggests that business owners are generally
a. interested in profits only when discrimination is illegal. b. more interested in discrimination than in making a profit. c. unable to determine the link between discrimination and profitability. d. more interested in making a profit than in discriminating against a particular group.
Which of the following statements is correct?
A) Utility and usefulness are synonymous. B) The marginal utility derived from successive units of a product tends to be similar for all consumers. C) Because utility is not measurable, the utility-maximizing rule provides no useful insights as to consumer behavior. D) A product may yield utility, but not be functionally useful.
If the price of doughnuts decreases, then one would expect the:
A. quantity of doughnuts supplied to decrease. B. quantity of doughnuts supplied to increase. C. supply of doughnuts to decrease. D. supply of doughnuts to increase.
Trade restrictions tend to preserve ________ in the protected industries and lead to ________ in other industries
A) no jobs; increased productivity B) almost all jobs; economic growth C) relatively few jobs; job losses D) well over half of the jobs; price decreases