A trading block that includes the United States, Mexico, and Canada was established by the
a. Maastricht Agreement.
b. General Agreement on Tariffs and Trade.
c. North American Free Trade Agreement.
d. Organization of American States.
c. North American Free Trade Agreement.
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If the money prices of resources changes
A) the LAS curve shifts. B) the SAS curve shifts. C) the AD curve shifts. D) the macroeconomic equilibrium is unaffected.
Does an expansionary gap or a recessionary gap exist if short-run output is $20.0 trillion and potential output is $21.0 trillion?
What will be an ideal response?
Included on the board of directors of Microsoft are John W. Stanton, the chairman of Trilogy Equity Partners, the executive president and chief financial officer of Gap, Inc Teri L. List-Stoll, and the former vice chairman of Bank of America Charles H
Noski. These three board members do not have a direct management role with Microsoft and are therefore referred to as A) inside directors. B) outside directors. C) competitive directors. D) honorary directors.
People hold money as an asset rather than other assets because
A) it holds its value. B) there is no cost to holding money as an asset. C) it grows in value. D) it is highly liquid.