After the formation of North American Free Trade Agreement (NAFTA), Mexico became a more attractive country for business investments of foreign firms.
Answer the following statement true (T) or false (F)
True
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Which of the following correctly describes incentives?
A) Incentives refer to the maximum price that a buyer is willing to pay for a good. B) Incentives are rewards or penalties that motivate people to behave in a particular way. C) Incentives are prices that are fixed by the government and not by market forces. D) Incentives refer to the minimum price at which a seller is willing to sell a product.
Why are laws aimed at regulating monopolies called "antitrust" laws?
A) "Trust" was a word in Old English that meant monopoly in the Middle Ages. Therefore, "antitrust" is a term that means "against monopoly." B) In the late 1800s, firms in several industries formed trusts; they were called "trusts" because when corporate officials were questioned about their business they would clam that business was good for the country and that they should trusted. C) The rise of large firms (e.g., Standard Oil) in the late 1800s in the United States caused consumers to lose trust in private business. D) In the late 1800s, firms in several industries formed trusts; the firms were independent but gave voting control to a board of trustees. Antitrust laws were passed to regulate these trusts.
One cause of market failure may be the absence of clearly defined property rights
a. True b. False Indicate whether the statement is true or false
Central banks get the purchasing power to make discount loans by:
a. Reducing currency in circulation. b. Buying government securities. c. Taking loans from the government. d. Increasing their liabilities in the form of deposits from banks.