Critics of the North American Free Trade Agreement (NAFTA) feared that it would:
A. increase the flow of illegal Mexican immigrants to the United States.
B. cause the European Union and Japan to raise trade barriers against U.S. goods.
C. cause a massive loss of U.S. jobs to Mexico.
D. increase foreign ownership of assets in the United States.
C. cause a massive loss of U.S. jobs to Mexico.
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The Athenian Theatre sells tickets for the same play at different prices: a lower price to those who opt for the seats at the back of the theatre and a higher price for those who purchase seats in the front, around the stage
Which of the following statements is true? A) This is an example of product differentiation but not price discrimination. B) Since the cost of producing the play does not change with the seating configuration, this is evidence of price discrimination based on market segmentation. C) Charging two different prices is an effective way to avoid an excess demand for play tickets; the higher price lowers quantity demanded to some extent. D) The theatre practices first-degree price discrimination by setting prices based on willingness to pay.
Refer to the information provided in Figure 25.1 below to answer the question(s) that follow.
Figure 25.1Refer to Figure 25.1. The money demand curve will shift from 
to 
if
A. the price level increases. B. interest rates rise. C. interest rates fall. D. nominal income decreases.