The first major international trade agreement following World War II was the North American Free Trade Agreement (NAFTA)

Jenn is willing to pay $75 for a purse and the purse's price is $60. What is Jenn's consumer surplus?

What will be an ideal response?

Libertarians believe that

a. it is more important to evaluate the process by which economic outcomes are produced than the outcomes themselves. b. government should attempt to redistribute income from the rich to the poor when the gap between rich and poor is more than 20%. c. equality of income is more important than equality of opportunity. d. it is more important to evaluate economic outcomes first and then the process that produced them.