Trade adjustment assistance in the United States began in 1962. The program
A. was designed to provide assistance to firms or workers who suffer idle facilities, unprofitability, and unemployment because of sharp increases in imports.
B. provided little assistance to victims of free trade before the 1970s.
C. was enlarged and worker benefits were extended in 1981 by the Reagan administration.
D. All of the above are correct.
Answer: A
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Wages in Baltonia are downwardly rigid. Which of the following will happen if a recession occurs in the country?
A) Employment will fall less than if wages were flexible. B) Unemployment will fall less than if wages were flexible. C) Employment will fall more than if wages were flexible. D) Unemployment will fall more than if wages were flexible.
Which of the following trends has been observed in federal revenues and expenditures over time?
a. Expenditures were lower than the revenues in the 1998-2001 period. b. Expenditures were lower than the revenues in the 1930s. c. Expenditures were higher than the revenues in the 1998-2001 period. d. Expenditures were more or less equal to the revenues in the 1930s. e. Expenditures were more or less equal to the revenues in the 1998-2001 period.