Summarize the type of agreement that NAFTA is, its history, the process by which it has been implemented in the last 15 years
What will be an ideal response?
The North American Free Trade Agreement between the U.S., Canada, and Mexico went into effect on January 1st, 1994. In many ways, it is an expansion of the agreement that previously existed between Canada and the U.S. to include Mexico. It is broader than this previous agreement in that it includes accords to enforce environmental and labor laws. By now, tariffs on virtually all trade among these three countries have fallen to zero, with trade in services substantially liberalized and restrictions on investment flows relaxed. Although the agreement remains controversial, the amount of trade that has been created between the three countries ranks NAFTA as the second largest preferential trade agreement in the world, only behind the European Union.
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A country which incurs a current account deficit will most likely have a financial or capital account surplus
Indicate whether the statement is true or false
Use the following graph showing the demand and marginal revenue curves faced by a pure monopoly to answer the next question.
If the pure monopoly wants to sell quantity Q1, it should charge
A. P1. B. P2. C. 0. D. a price not labeled on the graph.
QN=82 (17796) Table 24-1 The table below pertains to Pieway, an economy in which the typical consumer's basket consists of 10 bushels of peaches and 15 bushels of pecans.
a. 83.3. b. 100.0. c. 120.0. d. 200.0.
Research by Eric Hanushek and others suggests that increasing the number or quality of teachers will
A. foment unrest among unionized teachers and school administrators. B. increase student test scores by ever-increasing amounts. C. reduce student test scores. D. increase student test scores by ever-decreasing amounts.