Which of the following is NOT a reason Mexico and Canada wanted a free trade agreement with the United States?
A) Mexico wanted increased direct foreign investment.
B) Canada wanted to guarantee access to the U.S. market.
C) Mexico wanted the United States to lower its high barriers to Mexican products.
D) Mexico wanted to institutionalize its economic reforms.
C
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Assume that the total revenue curve for a firm is given by TR = 2Q. We know for sure that:
a. the firm is a monopolist b. the firm is not a monopolist c. the firm may be a monopolist or a perfectly competitive firm d. this question is too hard for me and I do not know the correct answer so give me a zero e. none of the above
Refer to Table 4-13. The equations above describe the demand and supply for Aunt Maud's Premium Hand Lotion. The equilibrium price and quantity for Aunt Maud's lotion are $20 and 30 thousand units. What is the value of producer surplus?
A) $600 thousand B) $300 thousand C) $150 thousand D) $30 thousand