The U. S. committed itself to creating a free trade zone between the U.S., Canada and Mexico. Why might this be important? Relative to imports and exports to other nations, what is the size of these two North American trading partners trade relationship with the U.S.?
The U.S. engages in more trade with Canada and Mexico than with other countries. Over 30% of the exports are made to these countries and just under 30% imports. A reduction of barriers will make trade easier to carry out and more economically efficient.
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The cost-plus-markup theory of price setting
A) explains why firms can't raise their prices until their costs rise. B) explains why percentage markups vary. C) is consistent with what many sellers say about how they set their prices. D) takes demand into account in explaining relative prices.
Discuss what happened to the market prices on corporate securities relative to government securities during the Great Recession
What will be an ideal response?
Cyclical unemployment occurs when a(n): a. automobile worker is laid off from his job because of a recession
b. ski instructor loses his job after the winter season. c. typist loses his job as his skills have become obsolete in the current labor market. d. government employee takes early voluntary retirement.
Jose earns $150,000 per year and Josephina earns $80,000 per year. If Jose pays $15,000 in income taxes and Josephina pays $5,000 in income taxes, the income tax system would be
A. progressive. B. regressive. C. proportional. D. marginal.