What are the two approaches followed by the U.S. government to ease the burden on the victims of free trade?
The U.S. government follows two basic approaches.
U.S. trade laws offer temporary protection from sudden surges of imports, on the grounds that unexpected changes in trade patterns do not give businesses and workers enough time to adjust.
The government has set up trade adjustment assistance programs to help workers and businesses that lose their jobs or their markets to imports. Firms may be eligible for technical assistance, government loans or loan guarantees, and permission to delay tax payments. Workers may qualify for retraining programs, longer periods of unemployment compensation, and funds to defray moving costs.
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From before the financial crisis began in September of 2007 to when the crisis was over at the end of 2009, amount of Federal Reserve assets rose, leading to
A) a huge increase in the monetary base. B) a huge expansion of the money supply. C) an economic expansion. D) a high inflation.
An individual labor-demand curve represents:
A. a worker's decisions around how many hours to work at each alternative wage. B. the decisions of all workers around how many hours to work at each alternative wage. C. a firm's decisions around how many hours to hire at each alternative wage. D. the decisions of all firms around how many hours to work at each alternative wage.
Evaluating risk requires that:
A. we consider uncertain costs or benefits of an event or choice. B. we think about different possible outcomes. C. we accept that our best guess about future costs and benefits could be wrong. D. All of these statements are true.
If Doug drives his car into a tree, reducing the value of the car from $15,000 to $14,000, then Doug's wealth:
A. decreases by $1,000. B. does not change. C. increases by $1,000. D. decreases by $15,000.