A major U.S. motive for negotiating a free-trade agreement with Mexico was to
a. increase immigration into the United States
b. encourage Mexico's recent drive to achieve a more market-oriented economy
c. keep Mexico from going Communist
d. achieve, ultimately, political union with Mexico
e. help foster the study of the Spanish language in the United States as a means to trading with all Spanish-speaking countries
B
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The time it takes for policy makers to change policy instruments once they have decided on the new policy is called
A) the data lag. B) the recognition lag. C) the legislative lag. D) the implementation lag. E) the effectiveness lag.
When a slice of pizza at the student union sold for $2, Moe did not purchase any. When the price fell to $1.75, Moe purchased a slice each day for lunch. Thus, we can infer that Moe's reservation price for a slice of pizza is:
A. less than $1.75. B. exactly $1.75. C. exactly $2.00. D. at least $1.75 but less than $2.
Which of the following activities would be calculated as part of GDP accounts?
A. Drug trafficking. B. Money laundry. C. Prostitution. D. Purchasing plastic surgery.
The price index that measures the prices of goods and services purchased by firms is called the:
A. CPI. B. PPI. C. RPI. D. PRI.