True or false or uncertain

(2) Indicate whether the following statements are True (T), False (F), or Uncertain (U) and (most important) explain why. (a) The United States has a persistent trade deficit with Mexico. "This is evidence that the U.S. is getting ripped off and taken advantage of by the Mexicans." (b) "It is plan common sense. Virginia's legislature (the General Assembly) should pass a law requiring all Virginia government agencies and office to buy only from Virginia-based firms." (c) Back in the 19905, Luther Vandross and Janet Jackson sang, "The best things in life are free." Critique this statement from the standpoint of economics. (d) "The American stock market is a relatively efficient market; real estate markets for residential homes are less efficient than the stock market; markets for boyfriends, girlfriends, husbands, and wives are even less efficient than housing markets." (e) Many restaurants and bars have "Happy Hours" in which drinks are sold at lower than usual prices, e.g., beers for $4:00 rather than $6.00. "Happy Hours are profitable pricing strategies for restaurants and bars."