Studies have concluded that NAFTA caused ________ in economic welfare to Canada.
a. a gain
b. a loss
c. no change
d. first a gain, then a loss
Ans: a. a gain
You might also like to view...
In equilibrium, the real value of household income must equal
A) the real value of output produced by firms. B) the real value of all expenditures. C) the sum of all goods produced in a year. D) net GDP.
For the additive social welfare function to yield results, we must assume
A. individuals have identical utility functions. B. individuals' utility functions have diminishing marginal utility of income. C. the total amount of income available is fixed. D. all of these answer options are correct.
New smartphone applications are developed to help consumers find the cheapest prices in the neighborhood. Therefore,
A) the local competitive will become more intensive. B) the prices of goods listed in the application will be lowered. C) price discrimination will occur against consumers without a smartphone or this application. D) All of the above.
A closed shop is one in which
A) a union is prohibited. B) some members belong to the union while others do not. C) belonging to a union is a condition of employment. D) the union is a co-manager of the day-to-day operations of the firm.