What was one of the key goals of the North American Free Trade Agreement?
A. the elimination of tariffs
B. the establishment of trade embargoes
C. the equalization of import/export fees
D. the establishment of trade sanctions
E. the allowance of agricultural exports
Answer: A
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Why does NAFTA create a free trade area as opposed to a customs union or a common market? Explain the difference by giving examples
What will be an ideal response?
Bond issue costs
A) must be expensed when incurred. B) must be amortized over the life of the bonds. C) are recorded in an asset account and not amortized. D) appear on the balance sheet as a liability.
When Diana went to college, tuition was $650 per semester. Now that same college charges $6,500 per semester. This number reflects a persistent increase in price known as
A. deflation. B. interest. C. inflation. D. currency fluctuation. E. recession.
According to the text, we don’t always hear about the reasons for business failures because ______.
a. expressing the emotions of failure are difficult so people do not talk about the failure b. people may be unaware of their role in the failure c. people blame external reasons for their failure d. no one is interested in hearing about failures