Between 1999 and 2007, after NAFTA had been in operation for some time,
A. U.S. exports to Mexico increased, but U.S. imports from Mexico increased even more.
B. total U.S. imports increased, but total U.S. exports increased even more.
C. U.S. imports from Mexico fell, but U.S. exports to Mexico fell even more.
D. total U.S. exports fell, but total U.S. imports fell even more.
Answer: A
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Which of the following statements would Milton Friedman agree with concerning the conduct of monetary policy?
A) Information lags are short, enabling the central bank to respond quickly to changes in the economy. B) There is little uncertainty over the effect of a change in the money supply on the economy. C) There are long and variable lags between monetary policy actions and their economic results. D) Wage and price adjustments are relatively slow, so changing the money supply will have a minimal impact on the real economy.
Between 1850 and 1860 the prices of slaves ____ than the price of cotton
a. increased more b. decreased more c. increased less d. decreased less
The firm learns that the probability of launch estimated for the voice activated software was too optimistic and instead is actually 65%. Is it still worth for the company to develop the simplified software?
a. No, because the expected return is lower b. No, because the expected return is higher c. Yes, because the expected return is higher d. Yes, because the expected return is lower
At low levels of employment, the Keynesian aggregate supply curve
a. is downward sloping b. is upward sloping c. is vertical d. is horizontal e. is zero