A major U.S. motive for negotiating a free-trade agreement with Mexico was to
a. help foster the study of the Spanish language as a means to trading with all Spanish-speaking countries
b. increase immigration into the United States
c. gain increased access to Mexican consumers
d. keep Mexico from going Communist
e. achieve, ultimately, political union with Mexico
C
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Real GDP is $13 trillion and aggregate planned expenditure is $14 trillion. As a result, unplanned inventory change is ________ and real GDP ________
A) negative; decreases B) positive; increases C) negative; increases D) positive; decreases E) negative; does not change
A Nash equilibrium occurs when:
a. a unilateral move by a participant makes him better off. b. one can deviate from the equilibrium and improve the outcome. c. no one can move from the equilibrium and improve the outcome. d. participants have an incentive to deviate from the equilibrium. e. no one is better off.