NAFTA refers to a 1994 agreement that eliminated most tariffs among which countries?
A) Canada, the United Kingdom, and Mexico
B) the United States, the United Kingdom, and Mexico
C) the United States, Canada, and Mexico
D) the United States, Mexico, and Cuba
Answer: C
Economics
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A person covered by a generous insurance plan smokes more cigarettes than he does normally. This is an example of a: a. lemon problem
b. moral hazard. c. adverse selection. d. risk selection.
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Answer the following questions true (T) or false (F)
1. Most economists believe that labor unions significantly increase the overall unemployment rate in the United States. 2. Efficiency wage is another name for the minimum wage. 3. The unemployment rate tends to be higher in the European Union as compared to the United States.
Economics