A case study of NAFTA, with regard to the benefits for Canada from U.S. trade, found that:
a. Canada was not able to increase its exports due to barriers still remaining.
b. Canada had modest gains but was harmed by immigration into the United States from Mexico.
c. Canada had more trade diversion than trade creation and so was harmed overall.
d. Canada had more trade creation than trade diversion and so benefited overall.
Ans: d. Canada had more trade creation than trade diversion and so benefited overall.
You might also like to view...
When y changes, x stays the same. The line depicting this relationship would be
A) vertical. B) horizontal. C) linear with a negative slope. D) linear with a positive slope.
Andrew's utility of wealth schedule is given in the above table. Andrew is offered a job as a cook which pays $10,000. He is also offered a job as a server which will pay $5,000 if tips are poor and $15,000 if tips are good
There is a 50 percent chance that tips will be poor and a 50 percent chance that tips will be good. The expected income from the job as a cook is ________ and from the job as a server is ________. A) $10,000; $15,000 B) $5,000; $5,000 C) $10,000; $5,000 D) $10,000; $10,000
Under conditions of perfect competition, maximum profit or minimum loss occurs at the point where
a. AR = ATC. b. MR = AR. c. AR = MC. d. AVC = ATC.
A student figured out that the HHI for an industry was 15,000. What is the proper conclusion?
A. The market is close to perfectly competitive or monopolistically competitive. B. There is free entry in the market. C. The student made some computational errors. D. The market is monopolistic.