The establishment of the NAFTA agreement
A. was supported by most economists and people in the business community.
B. has led to the loss of millions of U.S. jobs to Mexico.
C. has more economic integration than the European Union.
D. eliminated all internal tariffs among its three members.
A. was supported by most economists and people in the business community.
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As the baby boomer generation retires and takes money out of their retirement accounts, what is expected to happen to the interest rate, ceteris paribus?
A) It will increase. B) It will not change. C) It will decrease. D) It will decrease because of demand-side shocks.
If the exchange rate between the U.S. dollar and the Euro were 1.50 ($1.50 = one Euro), what would be the price in dollars of a German automobile that cost 40,000 Euros?
a. $10,000 b. $20,000 c. $60,000 d. $200,000
Middlemen:
a. increase transaction costs. b. increase the price of goods, services and resources without providing any benefits. c. impede trade and hinder economic growth. d. reduce transaction costs.
The U.S. federal government's largest unfunded liability is
What will be an ideal response?