Analyst Questions

For participating countries NAFTA called for the gradual removal of trade restrictions.

NAFTA is The North American Free Trade Agreement is a treaty signed by Canada, Mexico, and the United States, creating a trilateral trade by removing restrictions on trade in North America. It came into effect on Jan 1st 1994.

The raise in the price of a product may be due to increase in cost of production, increase in the demand of the product and increase in the margin.

When the price of a product increases its demand may fall as per the Law of Demand and an increase in the competition.

The Interstate Commerce Act of 1887 is a United States federal law that was designed to regulate the railroad industry, particularly its monopolistic practices.

The reason that the Interstate Commerce Act required that rates be published was to avoid secret rebates and similar deals. Until then, big shippers would demand rebates from railroads, which would in effect reduce their shipping costs without letting competitors know. This is anti-competitive.

Hence, the Act required that railroad rates be "reasonable and just," but did not empower the government to fix specific rates.

Equivalent units of production are equal to number of whole units that could have been completed if all work of the period had been used to produce whole units.

The amplitude of a wave is a measure of the displacement of the wave from its rest position i.e, half the distance from its highest point to its lowest point.

Amplitude is proportional to the energy of a wave.

Group Therapy is a form of psychotherapy in which one or more therapists treat a small group of patients to describe and discuss their problems. Group therapy allows individuals to develop self-awareness and better understand themselves by listening to others with similar issues in the context of their relationships.

An advantage to group therapy is that groups are source for social support.