Which of the following are TRUE regarding the argument that trade barriers protect U.S. workers from cheap foreign labor? I. Low-wage foreigners are just as productive as U.S. workers. II. U.S. workers have a comparative advantage in low-wage jobs

If a good has an external benefit, efficiency can be achieved by

A) leaving the market unregulated. B) monopolizing the market. C) offering a private subsidy on the good equal to the external benefit. D) imposing a tax on the good equal to the external benefit.

What is inflation targeting?

a. Making sure inflation is reduced to zero. b. Increasing the required reserve ratio when there is inflation. c. Increasing the supply of money in the economy. d. Aiming for a particular inflation level.