Although it has had some criticism for ineffectiveness, in what way has the North American Agreement on Labor Cooperation had some positive benefits?
a. It created an institutional forum for the discussion of labor issues in Canada, the United States, and Mexico
b. It prohibited any one NAFTA member country from publicly revealing violations of labor laws in other NAFTA member countries.
c. It reduced the emphasis on labor rights as a legitimate trade issue
d. All of these answer choices are examples of the positive benefits.
Ans: a. It created an institutional forum for the discussion of labor issues in Canada, the United States, and Mexico
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An increase in the unemployment rate would be shown on a production possibilities curve by
A. shifting the entire curve outward. B. shifting the entire curve inward. C. moving from a point on or near the curve to a point closer to the origin, rather than shifting the entire curve. D. moving from a point inside the curve to a point on the curve, rather than shifting the entire curve.
Compared to perfect competition, a monopoly will produce ________ output, and charge a ________ price
A) more; higher B) more; lower C) less; higher D) less; lower
Getting more output from a given amount of inputs is usually the result of increases in
a. the labor force. b. technology. c. the capital stock. d. investment.
Other things constant, if wheat production is a price-taker industry, a decrease in the price of fertilizer used to grow wheat will
a. increase the supply of wheat. b. increase the demand for wheat. c. decrease the supply of wheat. d. do both a and b.