A major U.S. motive for negotiating a free-trade agreement with Mexico was
a. to gain increased access to Mexico's huge oil reserves
b. to achieve ultimately political union with Mexico
c. as a stepping-stone to the formation of a free-trade bloc in the whole Western Hemisphere
d. to appease Canada
e. to appease GATT
A
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According to your textbook, markets tend to "clear" due to
A) the use of threat and coercion. B) the competitive bidding process. C) the intervention of expert economists. D) a well-managed national economic plan.
If a firm is a union shop, then
A) a worker may elect to either join or not join the union. B) only workers who have been union members for two years may be employed. C) only union members may be employed by the firm. D) a non-union worker may be hired but must join the union within a certain time period.
In the postwar period, the rate of immigration to the US has
a. continuously increased. b. had periods of increase and decrease. c. tended to fall. d. remained relatively stable.
If the Fed is concerned about inflation, it should:
A. buy bonds or raise the discount rate. B. buy bonds or reduce the discount rate. C. sell bonds or raise the discount rate. D. sell bonds or reduce the discount rate.