Trade adjustment assistance is:
A. difficult to implement because claims of injury are easy to make and may be politically difficult to reject.
B. difficult to implement because the adjustment costs of international trade are generally greater than the gains from trade.
C. easy to implement because the adjustment costs of international trade are typically less than the gains from trade.
D. easy to implement because it is easy to identify the few industries genuinely injured by international trade.
Answer: A
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The supply of hydro electric power:
a. can be varied infinitely in the short run. b. remains fixed in the long run. c. decreases with an increase in price in the short run. d. reduces in the future due to continuous consumption today. e. increases with an increase in price in the long run.
Imagine that the government increases its spending by $75 billion. Which of the following by itself would tend to make the change in aggregate demand different from $75 billion?
a. both the multiplier effect and the crowding-out effect b. the multiplier effect, but not the crowding-out effect c. the crowding-out effect, but not the multiplier effect d. neither the crowding out effect nor the multiplier effect