Which industry was first covered by a free trade agreement between Canada and the United States?
What will be an ideal response?
Automobiles
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A nation will neither export nor import a specific product when its
A. export supply curve lies above its import demand curve. B. export supply curve is upward-sloping. C. domestic price equals the world price. D. import demand curve is downward-sloping.
A perfectly elastic supply curve is expressed graphically as a(n):
a. downward sloping line or curve. b. upward sloping line or curve. c. vertical line. d. horizontal line.
The U.S. Federal Reserve, the Bank of Japan, the Bank of England, and the European Central Bank are all in charge of what for the countries they represent?
A. Debt management. B. Unfunded liabilities. C. Monetary policy. D. Fiscal policy.
When the text refers to rational self-interest, it means
A) your looking out for what is best for you as an individual. B) your focus on your own contributions to society. C) behavior that makes society better off. D) behavior that hurts other people.