1、The following,with one exception,are'protectionist measures'in international trade.Which is the exception?
A Import quotas
B Subsidies for exporters
C Customs procedures
D Tariffs
2、Are the following statements true or false?
1 Frictional unemployment will be short term
2 Governments can encourage labour mobility if they want to reduce unemployment
A Both statements are true.
B Statement 1 is true and statement 2 is false.
C Statement 1 is false and statement 2 is true.
D Both statements are false.
2、A Rationale:Frictional unemployment occurs when there is difficulty in matching workers quickly
with jobs.This means that frictional unemployment is temporary and short term and so statement 1 is true.A government can encourage labour mobility by offering individuals financial assistance with relocation expenses and by improving the flow of information on vacancies.This means that statement 2 is true.