The free-trade agreement signed by Canada, Mexico, and the United States in 1992 is known as
A. NAFTA.
B. DOHA.
C. GATT.
D. WTO.
Answer: A
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The Fed was committed to keeping interest rates low to assist Treasury financing of budget deficits
A) only during World War I. B) during the Great Depression. C) during World War I and World War II. D) throughout the entire existence of the Fed.
A sudden rise in the market demand in a competitive industry leads to
a. A short run market equilibrium price lower than the original equilibrium b. A market equilibrium lower than the short run price c. Some firms exiting the market d. All of the above
You have $20,000 of current income and $45,000 of future income. The interest rate between the current and future period is 2 percent. When you allocate consumption optimally between the two periods the marginal rate of time preference between the two periods is
A. 0.80. B. -1.02. C. -1.00. D. -1.80.
Firms that place their assets in the custody of a board of trustees is called a(n):
A. utility. B. oligopoly. C. trust. D. cartel.