A. wages in the United States will rise relative to Mexican wages
B. American jobs will be lost to workers in Mexico
C. The environment is not adequately protected by NAFTA
D. None of the above
Related Mcqs:
- Which factor of production in the United States is most likely to be made worse off (its factor payment will decrease) because of the North American Free Trade Agreement ?
A. Capital
B. land
C. skilled labor
D. unskilled labor - All of the following are criticisms leveled against marketing by critics EXCEPT ?
A. harming consumers through high prices
B. harming consumers through deceptive practices
C. harming consumers through high-pressure selling
D. harming consumers through too many product choices - When free trade areas are set up the member countries trade with each other grows faster than their trade with other countries This is due to what economist call ?
A. trade diversion
B. trade channeling
C. trade creation and trade diversion
D. trade creation - Accusations of American labor unions against U.S multinational firms include all of the following except ?
A. enjoy unfair advantage in taxation
B. export jobs by shifting technology overseas
C. export jobs by shifting investment overseas
D. operating at output levels where scale economies occur - Suppose that the world price of tin is above the target (ceiling) price that is defined by an international commodity agreement. To move the world price toward the target price, a buffer stock agreement would require its buffer stock manager to ____ tin and an export quota agreement would require that member countries _________ their export of tin?
A. purchase; decrease
B. purchase; increase
C. sell; increase
D. sell; decrease - Criticisms of Rostow’s stages of development include ?
A. the difficulty of testing the stages scientifically
B. conditions for takeoff are contradicted by historical evidence
C. characteristics of one stage are not unique to that stage
D. All of the above are correct - When did World Trade Organization replace General Agreement on Tariffs and Trade (GATT)?
A. 1st January 1995
B. 1st January 1998
C. 1st December 1999
D. 1st June 2000Submitted by: Syed Nizakat Ali Shah
- Nontariff trade barriers could include all of the following except ?
A. domestic content laws
B. government procurement policies
C. health, safety, and environmental standards
D. antidumping/countervailing duties applied to imports - With free trade, suppose that the rest of the world can supply calculators to Canada at a price of $30. Canada’s imports would now equal _____ and its consumer surplus would ____ relative to what occurred in the absence of trade. What is the change in consumer surplus? Refer to the figure that you have plotted ?
A. 20 calculators increase
B. 25 calculators decrease
C. 25 calculators increase
D. 30 calculators increase - Under free trade, Canada would not realize any gains from trade with Sweden if Canada ?
A. Trades at Canada’s marginal rate of transformation
B. Trade at Sweden’s marginal rate of transformation
C. Specializes completely in the production of its export good
D. Specializes partially in the production of its exports goods
