1.U.S. opponents of NAFTA argue that the agreement will hurt the United States.

ID: 1096852 • Letter: 1

Question

1.U.S. opponents of NAFTA argue that the agreement will hurt the United States. In their view, NAFTA's greatest harm will be its

A)harmonization of product safety standards.

B)harmonization of labor policies.

C)job destruction and downward pressure on U.S. wages.

D)harmonization of the use of pesticides and herbicides.

E)harmonization of environmental policies.

2.The United States functions as a "safety valve" for the Mexican economy

A)when U.S. firms engage in direct foreign investment in Mexico.

B)when Mexican workers who can't find jobs in Mexico migrate to the United States and send part of their income back to Mexico.

C)when the U.S. government bails Mexico out of financial crisis.

D)when the U.S. market buys products from the maquiladora industry

3.One reason why most economists forecast that the effects of NAFTA on the U.S. economy would be small is because

A)the Mexican economy is small relative to the U.S. economy

B)NAFTA does not bring down tariffs far enough.

C)Mexico was not expected to live up to its obligations under the agreement.

D)NAFTA trade opening provisions only cover a handful of sectors.

E)the United States was not expected to live up to its obligations under the agreement.

4.The World Bank's view of the effectiveness of industrial policies in East Asia is that, in general, the

A)worked in Japan and Korea, but not in the other countries.

B)hindered growth.

C)are the main factor in the success of the East Asian economies.

D)had little or no effect on growth

E)encouraged growth.

5. One economic advantage of a large share of exports in GDP is that countries

A)will have greater equality in their incomes.

B)can maintain lower rates of unemployment.

C)can reduce their budget deficits.

D)develop more labor-intensive industry.

E)can purchase the imports they need

where are the qestions?

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.