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A Occurs When Two or More People Own Property Such

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A occurs when two or more people own property such that when one owner dies, that owner's interest in the property passes to a person named in the deceased's will. ​


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An American economist and professor known for his work on income distribution, risk, and information economics, and a recipient of the Nobel Memorial Prize in Economic Sciences.

NAFTA Treaty

The North American Free Trade Agreement, a treaty among the United States, Canada, and Mexico designed to remove tariff barriers between the three countries and facilitate the free flow of goods and services.

Trade Balance

The difference between a country's exports and imports over a certain period, indicating the net earnings from trade.

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