Critics of the North American Free Trade Agreement (NAFTA) feared that it would:
A. increase the flow of illegal Mexican immigrants to the United States.
B. cause the European Union and Japan to raise trade barriers against U.S. goods.
C. cause a massive loss of U.S. jobs to Mexico.
D. increase foreign ownership of assets in the United States.
C. cause a massive loss of U.S. jobs to Mexico.
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Costs in a natural monopoly are lower because there is only one producer
a. True b. False Indicate whether the statement is true or false
Rationally, search should continue until:
A. the marginal cost of search is zero. B. all search options have been explored. C. the marginal benefit of search equals the marginal cost of search. D. the marginal benefit of search is zero.
Which one of the following policies mitigates the negative effects of moral hazard?
A. Increasing everyone's insurance premium B. Mandatory car insurance for car owners C. Lowering everyone's insurance premium D. Insurance policies with large deductibles
If you earn additional $500 in disposable income one week for painting your neighbor's house
A. the total of your consumption and saving will increase by less than $500. B. the total of your consumption and saving will increase by $500. C. your consumption will increase by more than $500, even if your MPS is 0.1. D. the total of your consumption and saving will increase by more than $500.