NAFTA benefited Canadian consumers because:
a. of higher wages and more travel opportunity.
b. of lower wages but also lower taxes.
c. of lower prices but lower quality.
d. of lower prices and increased variety.
Answer: d. of lower prices and increased variety.
Economics
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Why might it be in the direct economic interest of the United States to finance rain forest conservation programs in the Amazon?
What will be an ideal response?
Economics
Which of the following statements about a monopolist is FALSE?
A) A pure monopolist is the sole supplier of one product, good, or service. B) The monopolist faces a demand curve for the entire market for that good. C) A pure monopolist is not the same as a perfect competitor. D) The monopolist faces the industry demand curve, which is upward sloping.
Economics