U.S. job losses cited by anti-trade critics
A) are mostly a short-term problem in isolated industries.
B) are non-existent.
C) affect only capital-intensive U.S. industries.
D) are mostly due to poor training by U.S. firms.
Answer: A
Economics
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Assume potential GDP is 7T. If the economy is at a short run equilibrium where real GDP is at 8T then there is an ____ and a labor ___
a. expansion; surplus b. recession; shortage c. recession; surplus d. expansion; shortage
Economics
Which of the following statements is TRUE about the relationship among external, internal and social costs?
A. Internal costs will always be higher than external costs. B. Internal costs will never equal external costs. C. Social costs will always be higher than external costs. D. Social costs will always be lower than internal costs.
Economics