U.S. opponents of NAFTA argued that the agreement will hurt the United States. In their view, NAFTA's greatest harm is in its
A) harmonization of labor policies.
B) harmonization of environmental policies.
C) harmonization of the use of pesticides and herbicides.
D) job destruction and downward pressure on U.S. wages.
D
You might also like to view...
Why do many economists believe that money affects output? What is the empirical evidence in support of that belief?
What will be an ideal response?
For a monopsony buyer of an input, the marginal expenditure curve
A) lies above the average expenditure curve. B) lies below the average expenditure curve. C) is identical to the average expenditure curve. D) lies below the input demand curve.
Suppose we were analyzing the pound per Swiss franc foreign exchange market. If Switzerland's price level rise relative to England and nothing else changes, then the: a. The supply of Swiss francs in the foreign exchange market falls, and the demand for Swiss francs in the foreign exchange market rises, causing an appreciation of the Swiss franc
b. The supply of Swiss francs in the foreign exchange market rises, and the demand for Swiss francs in the foreign exchange market falls, causing an appreciation of the Swiss franc. c. The supply of Swiss francs in the foreign exchange market rises, and the demand for Swiss francs in the foreign exchange market rises, causing an uncertain change in the value of the Swiss franc. d. The supply of Swiss francs in the foreign exchange market rises, and the demand for Swiss francs in the foreign exchange market falls, causing a depreciation of the Swiss franc. e. Neither supply nor demand in the foreign exchange market change because relative international prices influence trade flows and not the exchange rate.
If the current market federal funds rate is in the target rate range and the demand for reserves decreases, the likely response in the federal funds market will be:
A. the market federal funds rate will decrease. B. the market federal funds rate will increase. C. the market federal funds rate will equal the target rate. D. nothing; the reserve supply is so high that the market federal funds rate will be unchanged.