1/The Maastricht Treaty called for: Select one: a. establishment of the independ
ID: 2506949 • Letter: 1
Question
1/The Maastricht Treaty called for:
Select one:
a. establishment of the independent European Central Bank (ECB).
b. the abolition of restrictions on cabotage.
c. establishment of the European Parliament.
d. the formation of a single market for the European Union.
e. placing restrictions on foreign exchange transactions between member-countries.
2/An argument against the North American Free Trade Agreement centered on the fear that ratification would result in:
Select one:
a. low interest rates in the U.S. and Canada.
b. mass exodus of jobs from the United States into Mexico.
c. a move towards a common currency for NAFTA member-nations.
d. competition from the members of the European Union.
e. high inflation in the U.S. and Canada.
3/Enacted in 1930 by the U.S. Congress, Smoot-Hawley Act:
Select one:
a. erected a wall of tariff barriers against imports into the United States.
b. specifies that government agencies must give preference to American products when putting contracts for equipment out to bid unless the foreign products have a significant price advantage.
c. allowed Americans to sue foreign firms that use Cuban property confiscated from them after the 1959 revolution.
d. imposed trade sanctions on Palestine.
e. allowed Americans to sue foreign firms that use Libyan and Iranian property.
4/Under a fixed exchange rate regime, what would be the result if a country rapidly increased its money supply by printing currency?
Select one:
a. It would lead to increase in the worth of the currency.
b. The prices of imports would become more attractive in the country.
c. The country
Explanation / Answer
1.) d. the formation of a single market for the European Union
2.) c. a move towards a common currency for NAFTA member-nations.
3.) a. erected a wall of tariff barriers against imports into the United States.
4.) c. The country
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