Adjustment Assistance Is Sometimes Used to Assist

question 43

Multiple Choice

Adjustment assistance is sometimes used to assist

• A) in retraining workers displaced by imports.
• B) in retraining workers displaced by exports.
• C) foreign firms injured by our quotas.
• D) foreign firms injured by our tariffs.

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Definitions:

Neoclassical Economics

An economic theory that focuses on how the perception of utility and costs influence the supply and demand equilibrium.

Complementary

Products or services that enhance or are used together with another, increasing the value or usability of either.

Self-interest

The pursuit of personal advantage and well-being, often driving economic decisions.

Neoclassical Models

Economic theories and models that focus on the determination of prices, outputs, and income distributions in markets through supply and demand, often under the assumption of rational behavior and efficient markets.