The correct answer to this open question is the following.
Although there are no options attached we can say the following.
What has been the greatest advantage of creating groups like the EEC, EU, and NAFTA?
The greatest advantage of creating groups like the EEC, EU, and NAFTA is that countries can form trade regions or trade "blocks" that benefit their economic interests. These trade agreements allow their members to freely trade with no or minimum tax barriers, benefiting their exportations and importations rate.
Let's put the example of NAFTA.
On December 17, 1992, Presidents of Mexico, the United States, and Canada signed NAFTA. They were Carlos Salinas, George H. W. Bush, and Brian Mulroney. This would be the largest free trade area in the world. The entering President, Bill Clinton, supported NAFTA principles but wanted the addition of some clauses on environment protection and better labor agreements. According to President Clinton, a result of the North America Free Agreement (NAFTA) would be increased jobs and lower prices.
NAFTA has been recently renegotiated by the three countries and the new agreement is called USMCA, United States, Mexico, and Canada Agreement.
Fingerprint matching is determined through unique characteristics. To achieve it must have certain ridges. loops and whorls. The characteristic points are then compared to the prints on the system. When forensics finds that there are enough similar matching points, they state whether they are fingerprints in which they match or not.
It is assumed that prints are one hundred percent positive, that is their use is one hundred percent successful with a zero error.
However, the prints are not considered scientific evidence, but it is still a presumption. There is never a hundred percent matching the prints, but just the similarity within the prints.
Napoleon got send to the isle of elba
The intersection between the supply curve (an upward sloping function) and the demand curve (a downwardsloping function) determines the equilibrium point of a market. The equilibrium is the point which represents the exact market price and quantity demanded/supplied at which the wishes of consumers and suppliers meet.
<u>When the market is not in the equilibrium point</u>, two different situations could be happening:
- Excess demand: this is a situation in which the market price is located below the equilibrium price. The quantity demanded at that market price would exceed the amount that the producers are willing to produce and supply at that same price. Therefore, not all consumers are able to obtain the product they desire and there is rationing.
- Excess supply: at a certain price located above the equilibrium, the quantity that suppliers are willing to produce exceeds the amount demanded by consumers at that more expensive price. Therefore, suppliers would not be able to sell their whole production in the market.
