Because of NAFTA, the U.S. shifts some of its imports from Japan to Mexico (a member of NAFTA). This is an example of
A. trade deflection.
B. trade diversion.
C. protectionism.
D. rules of origin.
Answer: B
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In August 1979, President Jimmy Carter appointed ________ as chairman of the Board of Governors of the Federal Reserve System
A) Paul Volcker B) Alan Greenspan C) G. William Miller D) Ben Bernanke
One reason college students do not study enough to get high grades is that they are unrealistic about their future behavior
Indicate whether the statement is true or false
Some people have argued that government should provide only those goods that we would truly define as public goods. If so, which of the following should government produce?
a. National Defense b. day-care centers for children of working mothers c. mail delivery d. unemployment benefits e. subsidies for agricultural products
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a. increase the incentive of corporate managers to perform efficiently. b. increase the likelihood that managers will be able to gain at the expense of stockholders. c. are more likely to occur when a company is producing efficiently and operating profitably. d. serve no useful economic purpose.