The argument that the government should impose tariffs in order to protect domestic jobs ignores the impact of tariff policy on
a. domestic industries that compete with imports.
b. the country’s export-producing industries.
c. employees in domestic industries that compete with imports.
d. suppliers to domestic industries that compete with imports.
b. the country’s export-producing industries.
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A preliminary conclusion about welfare reform is that
a. work requirements do seem to yield substantial declines in welfare caseloads b. work requirements cause welfare caseloads to increase c. such reform can only be instituted when the economy is strong d. welfare can be reformed even when the economy is weak e. welfare rolls decline faster when the economy is weak because more people need income during those times
Which of the following would be an example of capital deepening?
(A) Laying off employees when a factory is modernized. (B) Moving a manufacturing plant overseas where labor costs are lower. (C) Paying for an employee to take college courses. (D) Permitting two workers to share one job.
In neoclassical growth theory, technological progress is the key to continuous growth in labor productivity
Indicate whether the statement is true or false
What is a budget constraint?
What will be an ideal response?