U.S. job losses cited by anti-trade critics
A) are mostly a short-term problem in isolated industries.
B) are non-existent.
C) affect only capital-intensive U.S. industries.
D) are mostly due to poor training by U.S. firms.
A
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According to the interest-rate-based perspective on the monetary policy transmission mechanism
A) changes in the money supply have little influence on macroeconomic variables. B) key channels of monetary policy indirectly ultimately relate money supply changes to total planned spending through indirect effects on planned investment. C) inflation is always caused by excessive monetary growth and changes in the money supply offset aggregate demand only directly. D) monetary policy leads to increases in the price level but will have no effect on the rate of output.
According to the rule of reason, when would the courts find a monopoly in violation of the Sherman Antitrust Act?
a. Always-monopoly is per se illegal under the rule of reason. b. Only when the monopoly created negative externalities. c. Only when the monopoly engaged in illegal business practices. d. Only when the monopoly charged excessively high prices.