What does NAFTA stand for?
A. North African Fair Trade Association
B. North American Free Trade Agreement
C. North Atlantic Flat Tax Association
D. North Atlantic Favored Trade Association
Answer: B
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What does job lock mean?
A. A tendency for workers to remain in their jobs to keep their insurance coverage B. A job where a time clock is used C. A job that provides insurance coverage only after several years of employment D. all of these answer options are correct.
Trade a. can make every participating nation better off
b. makes some participating nations better off and others worse off. c. makes a participating nation better off only if the nation cannot produce that good itself. d. helps developed countries and hurts developing countries.
If orange juice and apple juice are substitutes, an increase in the price of orange juice will shift the demand curve for apple juice to the right
a. True b. False Indicate whether the statement is true or false
Which of the following is TRUE of the portion of the net public debt held by foreign residents?
A. It will be a burden on future generations of U.S. residents only if funds that the U.S. government obtains from borrowing are expended on projects with rates of return lower than the rates of interest that the government pays foreign residents. B. It will be a benefit to future generations of U.S. residents only if funds that the U.S. government obtains from borrowing are expended on projects with rates of return lower than the rates of interest that the government pays foreign residents C. It will definitely be a burden on current and future generations of U.S. residents who will have to pay interest on this portion of the debt, thereby transferring a portion of future U.S. incomes abroad. D. It will definitely be a benefit to current and future generations of U.S residents, because foreign residents have shown a willingness to lend to the U.S. government in exchange for rates of return significantly lower than they can receive elsewhere in the world.