Describe North American Free Trade Agreement
Describe North American Free Trade Agreement (NAFTA)?
Expert
1. This free-trade zone was established in 1993 among Canada, U.S. and Mexico with about the same combined output as EU, but a larger geographical area.
2. Free trade with Mexico was controversial because critics fear a loss of American jobs as firms can move to Mexico more easily. Also, they fear Japanese and South Korean firms will build plants there and import goods duty-free to U.S.
3. The increased trade has increased domestic employment, reduced unemployment, and increased the standard of living in all three countries.
Intermediaries ultimately prosper only when they give a service of decreasing: (1) demand for a good (2) prices paid to manufacturers of a good. (3) transaction costs. (4) rivalry for various types of resources. (5) cut-throat competition into markets
Compare the costing and pricing process of heterodox pricing process to the procedures utilized in neoclassical microeconomics to set prices. In what ways are heterodox prices altered from neoclassical prices?
Question: What can we learn from the Japanese experience? Is the US headed for a 'lost decade? Answer: There was
How can we evaluate cost of capital?
Would a decline in U.S. consumer income or a weakening of U.S. preferences for foreign products cause the dollar to depreciate or appreciate? Other things equal, what would be the effects of that depreciation or appreciation on U.S. exports and imports?
need urgent help in business economics, please suggest
What are economic resources? What are the major functions of the entrepreneur?
Definition of “Full Employment”?
Transaction costs tend to be decreased and markets are more efficient when: (w) the government subsidizes a good. (x) inter-market price differentials are eliminated through arbitrage. (y) taxes are used to give for social wants. (z) regulations close
Distinguish between Individual as well a market demand?
18,76,764
1946366 Asked
3,689
Active Tutors
1413259
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!