Trade adjustment assistance in the United States began in 1962 . The program
a. was designed to provide assistance to firms or workers who suffer idle facilities, unprofitability, and unemployment because of sharp increases in imports.
b. provided little assistance to victims of free trade before the 1970s.
c. was enlarged and worker benefits were extended in 1981 by the Reagan administration.
d. All of the above are correct.
a
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Choosing from among the following, the worst recession was in
A. 1937-1938. B. 1980. C. 1990-1991. D. 2001.
If a budget deficit increases interest rates, it is possible that investment will
A. fall, leading to a larger capital stock. B. fall, so that there is a smaller capital stock. C. rise, because investment is directly related to interest rates. D. rise, because investment is more attractive when interest rates are higher.
The simple circular flow model shows that workers, entrepreneurs, and the owners of land and capital offer their services through:
a. Employment agencies b. Product markets c. Resource markets d. Business firms
Diversification can eliminate:
A. the systematic risk in a portfolio. B. the idiosyncratic risk in a portfolio. C. all risk in a portfolio. D. risk only if the investor is risk averse.