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Q. It is still the conventional wisdom in the U.S. that compliance with NAFTA needs is having a deleterious effect on U.S. highway safety standards, on U.S. pollution and other environmental standards, and on U.S. jobs. What facts could proponents of an expansion of NAFTA (e.g. to include all of Central and South American countries) require to marshall in order to convince you?
Answer: The answer is prejudiced. Most probably the answer should include objective and reasonable counter-factual scenarios what would be the job or pollution situation with and without NAFTA.
Q. Explain how an increase in government spending would affect the DD-AA schedule in the short run. Answer: A raise in government spending will raise aggregate demand, which wi
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Q. Explain the difference between the following two expressions: Y = C(Y d ) + I + G + CA(EP*/P, Y d ) and Y = C + I +G + CA Answer: The first expression corresponds to a
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