Trade adjustment assistance in the United States began in 1962 . The program
a. was designed to provide assistance to firms or workers who suffer idle facilities, unprofitability, and unemployment because of sharp increases in imports.
b. provided little assistance to victims of free trade before the 1970s.
c. was enlarged and worker benefits were extended in 1981 by the Reagan administration.
d. All of the above are correct.
a
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Purchasing power parity prices are used to construct GDP data that
A) do not omit the underground economy. B) can be used to make more valid comparisons between one country and another. C) is a proper measure of economic welfare. D) adjust for differences in population.
Refer to Figure 5-8. What is the economically efficient level of pollution reduction?
A) 12.5 million tons B) 9 million tons C) 8 million tons D) 0 tons