Which of the following is true?
a. When workers are more productive, the demand for their services will be higher.
b. In order to earn a large income, one must provide large benefits to others.
c. High productivity (a large output per hour worked) is the key to high earnings for both individuals and countries.
d. All of the above are true.
D
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Which of the following agreements signed in 1989 is the precursor to NAFTA?
a. the U.S.Mexico Free Trade Agreement b. the Canada-Mexico Free Trade Agreement c. the Canada-U.S. Free Trade Agreement d. the Canada-Mexico-U.S. Free Trade Agreement
A capital inflow occurs when:
A. money saved in another country finances domestic investment. B. money saved domestically is invested in another country. C. there is a positive difference between capital inflows and capital outflows of a country. D. there is a negative difference between capital inflows and capital outflows for a country.