Which of the following is a unique provision of NAFTA?
A) tariff elimination
B) common currency
C) environmental standards
D) immigration oversights and policies
C) environmental standards
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Why is the unemployment rate among teenage workers so much higher than other workers?
a. They have little education. b. They take unskilled jobs. c. They are the first laid off when the economy slows down. d. All of the above are reasons why the unemployment rate is so much higher among teenagers.
After trade opens, the short run impact on the income of the variable factor will be
A) a decrease. B) an increase. C) zero. D) indeterminate, depending on the consumption pattern of the owners of the variable factor.
If a regulator forced a natural monopolist to set P = MC
A. the monopolist would break even. B. the monopolist would suffer economic losses. C. the monopolist would earn economic profits. D. the monopolist would earn monopolistic profits.
The twin problems of the U.S. health care industry are:
A. rapidly rising costs and unequal access to health care. B. declining quality of health care and the duplication of specialized equipment at hospitals. C. declining per capita spending on health care and the moral hazard problem. D. the decline in the number of family physicians and the failure to vaccinate children.