Compensation of losers from opening an economy to international trade is not common because:
A) losers don't lose so much that they would require to be compensated.
B) the loss is made up through the availability of a wider array of goods and services.
C) it is difficult for governments to carry out such compensation policies.
D) the government will have to transfer huge amounts of money to compensate losers.
C
Economics
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The United States is best known as a
A) pure market system. B) dictatorship. C) command and control system. D) mixed economic system.
Economics
The market supply of labor curve is:
A. upward sloping. B. upward sloping if the income effect dominates and downward sloping if the substitution effect dominates. C. downward sloping if the income effect dominates and upward sloping if the substitution effect dominates. D. perfectly inelastic.
Economics