NAFTA is believed to have __________ manufacturing productivity, especially in the maquiladora plants.
a. raised
b. lowered
c. had no effect on
d. greatly hindered
Ans: a. raised
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Transfer payments are excluded from government purchases in GDP accounting because
A) they are a reward to individuals who have been productive their entire lives. B) they are difficult to measure. C) nothing is being produced in return for the payment. D) they are already included as part of investment.
The above figure shows three different supply-and-demand graphs. Which graph best represents the market for the air we are currently breathing?
A) Graph A B) Graph B C) Graph C D) None of the above.
Which of the following type of shops is unlawful under the provisions of the Taft-Hartley Act?
A) union shops B) closed shops C) modified union shops D) open shops
Hot dogs and hot dog buns are found to be related by the cross elasticity of demand. If they are complementary goods, the cross elasticity will be
a. positive. b. equal to zero. c. negative. d. unknown.