How does the United States attempt to compensate losers from lower trade restrictions?
What will be an ideal response?
The U.S. government attempts to compensate workers who lose from lowering U.S. trade restrictions. For instance, the U.S. government set up a fund to support and retrain workers who lost their jobs because of NAFTA. Job losers can also collect unemployment benefits.
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The payoff matrix below shows the payoffs (in millions of dollars) for two firms, A and B, for two different strategies, investing in new capital or not investing in new capital. 
An industry spy from firm A comes to firm B and offers to pay B in exchange for B's certain and enforceable promise to not invest. What is the most that firm A will be willing to pay B to not invest?
A. $35 million. B. $20 million. C. $30 million. D. $50 million.
If the quality of items improves over time, the CPI ________ inflation
a. overstates b. understates c. equals d. approximates
Which of the following events will lead to a decrease in the demand for money?
(a) An increase in the level of aggregate output; (b) A decrease in the supply of money; (c) A decrease in the interest rate; (d) A decrease in the price level.
How does an economy represented by a straight-line production possibilities curve differ from one represented by a traditional production possibilities curve with a bowed shape?
A. In the economy represented by a straight-line production possibilities curve, the law of increasing relative cost does not apply. B. In the economy represented by a straight-line production possibilities curve, neither good is scarce. C. In the economy represented by a straight-line production possibilities curve, there is no opportunity cost. D. In the economy represented by a straight-line production possibilities curve, changing the amount of resources devoted to the production of each good will not alter the amount of each good actually produced.