Question

List two laws that affect your economic choices. Describe the kinds of restrictions that these laws impose

Answer 1

1. underage drinking laws
2. you cannot buy alcohol, so you have to ask others to buy it for you, which is an inefficient waste of their and your time
3. yes you do. B/c you want to buy alcohol
 4.yes, the tobacco age law should not be imposed either. Lifting that restriction would generate income for local business owners and tobacco growers.

Answer 2

1. The Nafta trade agreement between The United States, Canada, and Mexico has an important impact on my economic choices, as products that come from these 3 countries will probably have a lower price in comparison to their counterparts who come from other producing countries.
2. Tax exemptions on investing in certain industries affect my investing decisions and where to place my funds, as, independently of the historical profitability of a certain industry, I know that I will benefit from not having to pay the same level of taxes in comparison to other businesses.