1. Trade adjustment assistance in the United States began in 1962. The program

a.was enlarged and worker benefits were extended in 1981 by the Reagan administration.

b.provided little assistance to victims of free trade before the 1970s.

c.All of the above are correct.

d.was designed to provide assistance to firms or workers who suffer idle facilities, unprofitability, and unemployment because of sharp increases in imports.

If a nation imposes a tariff on imports, the portion of the tax paid by citizens depends upon

a.elasticity of supply.

b.income elasticity.

c.elasticity of demand.

d.how important the good is.

e.cross elasticity of demand with domestic products.

________ is a payment by the government to exporters to permit them to reduce the selling prices of their goods so they can compete more effectively in foreign markets.

a.Tariff

b.Export subsidy

c.Import subsidy

d.All of these