Select the best answer: A recap of the effects of NAFTA for its first 9 years reveals some adjustment costs were offset by:
I. benefits for U.S. manufacturing productivity.
II. benefits for U.S. consumers.
III. benefits for higher-wage workers in Mexican maquiladora industries.
a. I
b. II
c. III
d. I, II, and III
Ans: d. I, II, and III
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Which of the following will shift the demand curve for capital leftward?
a. Introduction of supercomputers in the resource market b. A fall in the market interest rates c. An increase in the price of capital d. Business expectations of increased regulations e. A rise in the equilibrium wage of labor
______________ accounts for interrelationships among markets.
Fill in the blank(s) with the appropriate word(s).
Which of the books used at the FOMC meetings can be characterized as less quantitative than the other two?
A. The Beigebook B. The Greenbook C. The white paper released to the press D. The Tealbook
Imposing the same standards on high- and low-income countries can be a problem because
A) it widens the market and lowers prices. B) there are no economies of scale for low-income countries. C) high-income countries have few environmental problems. D) low-income countries may have less ability to enforce standards.