In leading the opposition to the adoption of NAFTA, H. Ross Perot argued that NAFTA would lead to
A) a loss of U.S. competitiveness with Canada.
B) a loss of U.S. manufacturing jobs to Mexico.
C) a loss of U.S. willingness to negotiate the Uruguay Round.
D) All of the above.
B
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The table below shows the relationship between the number of times you get your car washed each month and your total monthly benefit from car washes. Each car wash costs $15.Number ofCar WashesPer MonthTotal MonthlyBenefit fromCar Washes0$01$202$363$484$565$60What is the marginal benefit of the 3rd car wash each month?
A. $12 B. $4 C. $48 D. $16
Which of these curves shows a more unequal distribution of income?
a. Curve A b. Curve B c .Curve C
If a good has a negative income elasticity of demand, this indicates that the good is
A) normal. B) a substitute with another good. C) inferior. D) a complement with another good.
For a kinked demand curve, the marginal revenue curve is:
a. positively sloped. b. a horizontal line. c. a vertical line. d. discontinuous. e. above the demand curve.