Economists who criticize trade adjustment assistance argue that:
A. it only benefits a very small fraction of all unemployed workers.
B. money spent on the program overstimulates aggregate demand and threatens to cause
inflation.
C. benefits are too low to provide unemployed workers with a livable wage.
D. it distorts patterns of foreign trade, reducing the gains from trade.
A. it only benefits a very small fraction of all unemployed workers.
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The strategy of sorting customers into high or low value based on the amount of sales made is known as the
a. Damaged goods strategy b. The willy-nilly strategy c. The Metering Strategy d. All of the above
Over time, an increase in a nation's stock of physical capital will
a. shift the production possibilities curve inward. b. cause an economy to operate inside its production possibilities curve. c. shift the production possibilities curve outward. d. eliminate the basic economic problem of scarcity.
If the absolute price of a car is $20,000 and the relative price of a computer is 20 cars, it follows that the absolute price of a car is
a. $400. b. $4,000. c. $100. d. $1,000.
What are some examples of the unconventional monetary policy from the Federal Reserve in response to the 2007–2009 financial crisis? Why were opponents concerned about these measures?
What will be an ideal response?