Author Question: If a person produces capital goods, she sacrifices current production of consumer goods in order to ... (Read 136 times)

Diane · **on:** Jun 30, 2018

If a person produces capital goods, she sacrifices current production of consumer goods in order to obtain the capability of producing more goods and services in the future. This is called roundabout production.
a. True
b. False

Question 2

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