Since NAFTA was signed, Mexico saw the productivity of its firms:
a. decrease in the nonmaquiladora plants.
b. decrease in the maquiladora plants.
c. increase in the maquiladora plants at a faster pace than in the nonmaquiladora plants.
d. increase in the maquiladora plants at a slower pace than in the nonmaquiladora plants.
Ans: c. increase in the maquiladora plants at a faster pace than in the nonmaquiladora plants.
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By engaging in quantitative easing, the Fed is attempting to reduce the ________, causing the MP curve to ________
A) term premium and the real interest rate; shift down B) unemployment rate and the inflation rate; shift down C) short-term nominal and real interest rates; shift up D) federal funds rate; shift up
Conditional input demand curves always slope down, but unconditional input demand curves can slope up.
Answer the following statement true (T) or false (F)