The motive for the erecting trade barriers to import goods and services from abroad is to
A. improve economic efficiency in that nation.
B. protect and benefit special interest groups in that nation.
C. reduce the prices of the goods and services produced in that nation.
D. expand the export of goods and services to foreign nations.
B. protect and benefit special interest groups in that nation.
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How would you best describe a manufacturing employee who has been fired because he was replaced by a robot (new technology) and does not have the skills necessary to help operate the robot?
A) job leaver B) entrant/reentrant C) cyclically unemployed D) structurally unemployed
The use of bank loans to finance purchases of plant and equipment is most common in which of the following countries?
A) Germany B) Japan C) United States D) United Kingdom