Which of the following correctly identifies an argument against free trade?
A) Free trade reduces world production.
B) Free trade hampers technology transfers.
C) Free trade increases the wages in importing countries.
D) Free trade may result in job loss in some specific industries in the domestic economy.
D
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Which of the following people would be classified as employed in the Current Population Survey?
A) Rich, who is working 20 hours a week but wants a full-time job B) Misty, who just quit her job to return full time to school C) April, who just graduated from college and is looking for work D) Jason, who was laid off from work less than 6 months ago but who has stopped looking for work E) Laura, who is unpaid but is working 10 hours a week in the family business she and her husband run
All of the following can create a bias in the CPI EXCEPT the
A) new goods bias. B) outlet substitution bias. C) commodity substitution bias. D) GDP price index bias. E) quality change bias.