Critics of the U

question 186

Multiple Choice

Critics of the U.S.Trade Adjustment Assistance Program argue that

• A) it increases the prices of goods and services that are imported by Americans.
• B) it encourages American companies to outsource more of their production overseas.
• C) it lessens the desire of American firms to invest in new technologies to improve their competitiveness.
• D) American workers whose jobs are displaced by imports are no more deserving of aid than other Americans suffering job losses.

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Definitions:

Checkable Deposit Liabilities

These are bank account deposits that are immediately available to make payments and transfers, typically seen in checking accounts.

Excess Reserves

Funds that banks hold over and above the required minimum reserves set by the central bank, available for lending or investment.

United States Bonds

United States Bonds are debt securities issued by the U.S. Department of the Treasury to finance government spending as an alternative to taxation.

Money Supply

The complete sum of money available within an economy at a designated time frame.