Most economists support open trade because it increase our choices as consumers, lowers costs for producers, increases competition and innovation, and leads to greater diffusion of technological change

National income is calculated as GDP:

a. plus depreciation. b. plus exports. c. minus imports. d. minus depreciation.

The idea of the U.S.-Canadian Free-Trade Agreement that ________ barriers to trade including tariffs and quotas between the United States and Canada by 1998 was to increase the amount that the United States exports to Canada and the amount that the United States imports from Canada.

A. removed all B. removed some C. increased all D. increased some