What is the relationship between imports and employment?
What will be an ideal response?
There is no causal link between imports and unemployment. In many cases unemployment falls when imports increase. Industries that have lost the most employment over the last forty years have been industries that were protected by tariffs and quotas. Protecting one industry usually means some export industry will see a decline.
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If official poverty statistics for the United States included transfer payments individuals receive from the government, such as Social Security payments and other non-cash benefits such as food stamps
A) the poverty rate would be lower. B) income inequality would be greater. C) the poverty rate would be overstated. D) poverty would be eliminated.
Define what a market is and provide three examples of where a market can be found