In a recession, tax payments tend to increase and transfer payments tend to decrease

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

A firm should always shut down if it is earning negative profits.

a. true b. false