List the important economic developments that have occurred because of the North American Free Trade Agreement (NAFTA).
What will be an ideal response?
The United States, Canada, and Mexico make up the North American Free Trade Agreement (NAFTA), which in essence has removed all barriers to trade among these countries and created a huge North American market. A number of economic developments have occurred because of this agreement and are designed to promote commerce in the region. Some of the more important developments include (1) the elimination of tariffs as well as import and export quotas; (2) the opening of government procurement markets to companies in the other two nations; (3) an increase in the opportunity to make investments in each other's country; (4) an increase in the ease of travel between countries; and (5) the removal of restrictions on agricultural products, auto parts, and energy goods.
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Which of the following statements is true concerning intangible assets?
a. Intangible assets have no economic substance. b. Intangible assets lack physical existence. c. Intangible assets are listed in the stockholders' equity section of the balance sheet. d. Intangible assets appear in the current assets section of the balance sheet.
The communication process is incomplete without a response
Indicate whether the statement is true or false
A corporation is a creature of the state and may be formed only by substantial compliance with a state incorporation statute
a. True b. False Indicate whether the statement is true or false
The standard of conduct which is the basis for the law of negligence is usually determined by a cost-benefit or risk-benefit analysis
a. True b. False Indicate whether the statement is true or false