The movement to free international trade is most likely to generate short-term unemployment in which industries ?

Related Mcqs:

1. A sudden shift from import tariffs to free trade may induce short-term unemployment in ?

   A. Import-competing industries
   B. Industries that are only exporters
   C. Industries that sell domestically as well as export
   D. industries that neither import nor export

2. Unemployment benefits may increase the unemployment rate because unemployment benefits ?

   A. encourage people to quit their jobs
   B. reduce the cost of job search
   C. enable people to quit searching for work
   D. reduce the benefits of additional job searching

3. Suppose two economists are arguing about policies that deal with unemployment. One economist says. The government could lower unemployment by one percentage point if it would just increase government spending by 50 billion dollars the other economist responds Nonsense and poppycock! If the government spent an additional 50 billion dollars it would reduce unemployment by only one tenth of one percent. and that effect would only be temporary! These economists ?

   A. None of these answers
   B. Disagree because they have different scientific judgments
   C. really don’t disagree at all. It just appears that they disagree
   D. disagree because they have different values

4. In the short run unemployment may fall below the natural rate of unemployment if ?

   A. Nominal wages have risen less than inflation
   B. Nominal wages have risen at the same rate as inflation
   C. Nominal wages have risen more than inflation
   D. Nominal wages have risen less than unemployment

5. When free trade areas are set up the member countries trade with each other grows faster than their trade with other countries This is due to what economist call ?

   A. trade diversion
   B. trade channeling
   C. trade creation and trade diversion
   D. trade creation

6. The analyzes the income distribution effects of trade in the short run when resources are immobile among industries ?

   A. Stolpher-Samuelson theory
   B. factor endowment theory
   C. specific factors theory
   D. overlapping demand theory

7. Tariffs are used to protect infant industries these industries are those which ?

   A. employ many young or untrained workers
   B. are competing with well-established overseas firms
   C. are not yet large enough to achieve economies of scale
   D. use a new technology

8. Unemployment resulting from real wages being above their equilibrium level is called _________ unemployment?

   A. natural
   B. frictional
   C. disequilibrium
   D. structural

9. Suppose two economists are arguing about policies that deal with unemployment One economist says the government should fight unemployment because it is the greatest social evil The other economist response Nonsense Inflation is the greatest social evil These economists ?

   A. really don’t disagree at all It just appears that they disagree.
   B. disagree because they have different values.
   C. none of these answers.
   D. disagree because they have different scientific judgments.

10. Policies to reduce unemployment by reducing union power, tax cuts, reductions in unemployment benefit and investment subsidies are examples of ?

    A. Keynesian policies
    B. Supply-side policies
    C. Monetarist Policies
    D. Classical policies