A person obtains income by selling the services of the resources that he or she owns
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Professor Daniel Trefler at the University of Toronto concluded that Canada ________ from free trade with the United States because _______________.
a. gained; trade creation exceeded trade diversion with the United States b. lost; trade diversion exceeded trade creation with the United States c. first gained, then lost; trade diversion exceeded trade creation after NAFTA was fully implemented d. neither gained nor lost; trade creation equaled its trade diversion with the United States
Economics
Suppose that the consumer price index (CPI) was 160 in 2010 and 166 in 2011, inflation during 2011 was
a. zero; prices were stable. b. 3.8 percent. c. 6 percent. d. 66 percent.
Economics