The Buy America Act of 1933 mandates that
A. household consumers buying more of local products will be given suitable tax incentives.
B. the sales taxes on goods manufactured by the local labor force must be lower than the sales taxes on goods manufactured by immigrant workers.
C. purchases funded by the U.S. government must favor domestic products.
D. durable goods produced locally must be priced lower than comparable imported goods.
Answer: C
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The 1978 Full Employment and Balanced Growth Act called for a target unemployment rate of
a. 0 percent b. 5 percent c. 1 percent d. 2 percent e. 4 percent
One consequence of the long-run problem faced by farms has been a:
A. rapid increase in the price of farm output. B. massive exit of workers from agriculture to other sectors of the economy. C. smaller average farm size. D. reduction in U.S. exports of farm products.