According to the text, economists David Gould, G.L. Woodbridge, and Roy Ruffin examined the data on the relationship between increases in imports and the rate of unemployment. They found that
A. free trade leads to increased unemployment.
B. there is not a causal link between increases in imports and the rate of unemployment.
C. increases in unemployment always precede increases in imports by a period of 6 months to one year.
D. increases in imports always precede increases in unemployment by a period of 6 months to one year.
Answer: B
You might also like to view...
If the asset market is in equilibrium, the growth rate of the nominal money supply minus the growth rate of real money demand equals
A) the real interest rate. B) the inflation rate. C) the price level. D) the growth rate of real output.
The above figure shows three different Engel curves. Rank them in terms of income elasticity
What will be an ideal response?
Which one of the following factors will most likely cause an increase in aggregate demand?
A. An increase in net exports. B. An increase in the real interest rate. C. A decrease in net exports due to falling incomes abroad. D. A technological development that decreases the cost of producing computer chips.
In a fixed exchange rate system, a decrease in the exchange rate at which a currency is pegged is called a(n):
A. appreciation. B. devaluation. C. revaluation. D. depreciation.