Between 1995 and 1998, soon after NAFTA took effect,
A. total U.S. imports increased, but total U.S. exports increased even more.
B. U.S. imports from Mexico increased, but U.S. exports to Mexico increased even more.
C. total U.S. exports fell, but total U.S. imports fell even more.
D. U.S. imports from Mexico fell, but U.S. exports to Mexico fell even more.
Answer: B
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In an oligopoly market, the Herfindahl-Hirschman Index is usually
A) greater than 2,500. B) below 1,000. C) between 100 and 1,000. D) between 200 and 2,000.
Refer to Table 9-12. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many swords will Estonia gain compared to the "without trade" numbers?
A) 25 B) 75 C) 100 D) 125
Which of the following markets is more likely to be local in nature?
a. automobiles b. television sets c. jewelry d. clothing e. potato chips
If the Bank of America lends $100 million and the reserve requirement is 10%, the monetary base:
a. Falls by $100 million. b. Falls by $10 million. c. Does not change. d. Rises by $100 million. e. Rises by $10 million.