Which of the following groups of countries are members of NAFTA?
A) the United States, Canada, and Mexico B) the United States, France, and Germany
C) Japan, Canada, and Mexico D) the United States, Japan, and Mexico
A
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A bond that promises to pay $X in 10 years must be worth less than $X now.
Answer the following statement true (T) or false (F)
A redistributive program that taxes the rich and gives to the poor _____
a. is an example of equality of opportunity in action b. is an example of equality of results in action c. is an example of the an economically efficient transfer d. is an example of a procedural theory of justice in action
Assume that all firms in this industry have identical cost curves, and that the market is perfectly competitive.
If the market supply curve is given by S1, then in the long run firms will:
A. exit the market, leading the market supply curve to shift out to S2. B. enter the market, leading the market supply curve to shift out to S2. C. neither enter nor exit the market, so the market supply curve will remain at S1. D. enter the market, leading the market supply curve to shift out to S3.
If a new casino comes to a city that already has one, which economic impact has little to no "local substitution" offsets to consider?
A. the employment at the casino B. the purchase of souvenirs at the casino C. the employment at restaurants near the casino D. the construction costs