What is NAFTA? What have critics and defenders said about it?
What will be an ideal response?
NAFTA is the North American Free Trade Agreement. It formed a free-trade area among the United States, Canada, and Mexico in 1993. This agreement eliminated tariffs among these three nations. Critics in the United States say that it has decreased jobs and that it may become a base for tariff-free imports from Asian nations. Defenders say that it will allow each nation to specialize according to comparative advantage. The act will encourage more investment in Mexico, thus increasing Mexico’s productivity and national output. This result will give Mexico more funds to purchase goods and services from the United States, thus increasing jobs in this nation.
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In June, buyers of titanium expect that the price of titanium will fall in July. What happens in the titanium market in June, holding everything else constant?
A) The quantity demanded increases. B) The demand curve shifts to the left. C) The quantity demanded decreases. D) The demand curve shifts to the right.
The discount rate is the rate the Federal Reserve charges banks for loans. By lowering this rate, the Fed provides banks with a greater incentive to borrow from it
a. True b. False Indicate whether the statement is true or false