The trade-offs made by the U.S. government to fund the war in Iraq
A) exceed the benefits derived from the war.
B) show that the government is justified in its war spending.
C) prove that the government is spending too much on the war.
D) represent what was potentially sacrificed to engage in the war.
D
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Juan recently lost his job as a travel agent, which he has had for 20 years, because the demand for his services has fallen over time as more and more people book their vacations online
Unfortunately, Juan has not been able to find a new job because he lacks the skills needed to get hired in other industries where job growth is occurring. Juan is considered to be A) structurally unemployed. B) frictionally unemployed. C) cyclically unemployed. D) a marginally attached worker. E) not in the labor force.
Discuss why it is unlikely that a country would specialize in just one product, and support your explanation with an example.
What will be an ideal response?