The political debate over joining NAFTA was especially contentious in the United States because Mexico's standard of living (including wage rates, labor standards, and environmental standards) is low relative to the U.S. standard of living
Indicate whether the statement is true or false
TRUE
Economics
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________ is the single biggest factor affecting income distribution in the United States
A) Location of household B) Type of household C) Education D) Age of household
Economics
The benefit from an additional unit of a good or service that society receives from the consumption of that good or service is the
A) marginal private benefit. B) marginal external benefit. C) marginal social benefit. D) opportunity cost.
Economics
Refer to Table 19-18. What is real GDP in 2016, using 2011 as the base year?
A) $28,885 B) $11,790 C) $11,200 D) $10,275
Economics
A report on GDP says that income fell. Then spending measured by GDP __.
A. might have risen B. must have risen C. might have fallen D. must have fallen
Economics