Instead of placing a tariff on the imports of steel, a government has decided to offer steel workers trade adjustment assistance which will allow them to pre-qualify for unemployment benefits and retraining. Such a policy is consistent with
A. the national pride argument.
B. the developing worker argument.
C. the specificity rule.
D. the infant industry argument.
Answer: C
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During the Federal Bank Holiday ordered by President Roosevelt
a. new supplies of gold were distributed to the banks. b. a national monetary commission was set up. c. the banks were inspected. d. the leadership of the Federal Reserve System was replaced.
A budget surplus is the:
A. amount of money a government spends beyond the net revenue it brings in. B. amount of net revenue a government brings in beyond what it spends. C. total amount of money that a government owes. D. total amount of money that a government receives from a tax increase.
When two goods are perfect substitutes, the marginal rate of substitution
a. decreases as the scarcity of one good increases. b. is constant along the indifference curve. c. changes to reflect the consumer’s changing preferences for the goods. d. increases as the scarcity of one good increases.
Refer to the information provided in Table 20.2 below to answer the question(s) that follow.
 Table 20.2
Refer to Table 20.2. The most that Thailand will be willing to pay for a tractor is
A. 5 motorcycles. B. 10 motorcycles. C. 15 motorcycles. D. 20 motorcycles.