Question 1

Under NAFTA,environmental standards are

Accepted Answer

A) harmonized around U.S. rules. 
B) harmonized around Canadian rules. 
C) harmonized around a combination of the rules in all three countries. 
D) not harmonized. 
A) harmonized around U.S. rules. 
B) harmonized around Canadian rules. 
C) harmonized around a combination of the rules in all three countries. 
D) not harmonized.

Question 2

Free trade agreements

Accepted Answer

A) have increased U.S. exports more than U.S. imports from free trade partners. 
B) have limited benefits to the U.S. 
C) have acted as substitutes for multilateral trade agreements. 
D) have decreased in scope since the 1990s. 
A) have increased U.S. exports more than U.S. imports from free trade partners. 
B) have limited benefits to the U.S. 
C) have acted as substitutes for multilateral trade agreements. 
D) have decreased in scope since the 1990s.

Question 3

Which of the following is a preferential agreement?

Accepted Answer

A) the Trans-Pacific Partnership (TPP) 
B) the Transatlantic Trade and Investment Partnership (TTIP) 
C) the Caribbean Basin Initiative (CBI) 
D) the Asia-Pacific Economic Cooperation (APE
C)  
A) the Trans-Pacific Partnership (TPP) 
B) the Transatlantic Trade and Investment Partnership (TTIP) 
C) the Caribbean Basin Initiative (CBI) 
D) the Asia-Pacific Economic Cooperation (APE
C)

Question 4

The NAFTA would probably not have been ratified by Congress without labor and environmental side agreements.

Accepted Answer

A) True 
 B)False

Question 5

What evidence is there as to job gains and losses in the U.S.due to free trade agreements?

Accepted Answer

Estimates of job gains or losses are mix

Question 6

Explain what a purchasing power parity adjustment is and why it is necessary.Should it always be used?

Accepted Answer

The PPP adjustment enables us to know in

Question 7

Which of the following is NOT a true statement about U.S.exports?

Accepted Answer

A) Services have become more important part of exports. 
B) The U.S. is the world's second-largest exporter of goods. 
C) Three-fourths of U.S. merchandise exports are manufactured goods. 
D) The manufacturing sector in the U.S. is no longer significant. 
A) Services have become more important part of exports. 
B) The U.S. is the world's second-largest exporter of goods. 
C) Three-fourths of U.S. merchandise exports are manufactured goods. 
D) The manufacturing sector in the U.S. is no longer significant.

Question 8

Why are trade agreements between the U.S.and Mexico more controversial than trade agreements between the U.S.and Canada?

Accepted Answer

Because of difference in level

Question 9

Under the side agreements to the NAFTA,

Accepted Answer

A) low environmental standards should not be used to attract trade or investment. 
B) the U.S. sets environmental standards. 
C) the U.S. enforces environmental standards in the rest of the free trade area. 
D) environmental standards are not specifically discussed. 
A) low environmental standards should not be used to attract trade or investment. 
B) the U.S. sets environmental standards. 
C) the U.S. enforces environmental standards in the rest of the free trade area. 
D) environmental standards are not specifically discussed.

Question 10

Few countries have a higher GDP per capita than the weighted average of Canada,Mexico and U.S.GDP.

Accepted Answer

A) True 
 B)False

Question 11

Preferential agreements

Accepted Answer

A) are the same as free trade agreements. 
B) provide market access without demanding reciprocation. 
C) are not recognized under WTO rules. 
D) must be approved by the IMF. 
A) are the same as free trade agreements. 
B) provide market access without demanding reciprocation. 
C) are not recognized under WTO rules. 
D) must be approved by the IMF.

Question 12

Under the NAFTA,countries must enforce their own labor standards.

Accepted Answer

A) True 
 B)False

Question 13

A slowing U.S.economy and increased enforcement of immigration laws will reduce ________ factors for Mexican immigration to the United States.

Accepted Answer

A) demand growth 
B) demand pull 
C) supply push 
D) supply growth 
A) demand growth 
B) demand pull 
C) supply push 
D) supply growth

Question 14

Which of the following countries is NOT involved in a free trade agreement with the U.S.?

Accepted Answer

A) China 
B) Australia 
C) Jordan 
D) Guatemala 
A) China 
B) Australia 
C) Jordan 
D) Guatemala

Question 15

Which of the following is most important in determining the number of jobs in an economy?

Accepted Answer

A) Macroeconomic policies 
B) Trade policies 
C) Urban policies 
D) Tax policies 
A) Macroeconomic policies 
B) Trade policies 
C) Urban policies 
D) Tax policies

Question 16

What two trends was Canada trying to address in negotiating CUSTA?

Accepted Answer

Increasing U.S.trade barriers

Question 17

Explain the importance of free trade agreements to the U.S.and how they benefit the U.S.economy.

Accepted Answer

The United States currently has free tra

Under NAFTA,environmental standards are

Free trade agreements

Which of the following is a preferential agreement?

The NAFTA would probably not have been ratified by Congress without labor and environmental side agreements.

What evidence is there as to job gains and losses in the U.S.due to free trade agreements?

Explain what a purchasing power parity adjustment is and why it is necessary.Should it always be used?

Which of the following is NOT a true statement about U.S.exports?

Why are trade agreements between the U.S.and Mexico more controversial than trade agreements between the U.S.and Canada?

Under the side agreements to the NAFTA,

Few countries have a higher GDP per capita than the weighted average of Canada,Mexico and U.S.GDP.

Preferential agreements

Under the NAFTA,countries must enforce their own labor standards.

A slowing U.S.economy and increased enforcement of immigration laws will reduce ________ factors for Mexican immigration to the United States.

Which of the following countries is NOT involved in a free trade agreement with the U.S.?

Which of the following is most important in determining the number of jobs in an economy?

What two trends was Canada trying to address in negotiating CUSTA?

Explain the importance of free trade agreements to the U.S.and how they benefit the U.S.economy.

The United States in a Global Economy

International Economic Institutions Since World War II

Comparative Advantage and the Gains From Trade

Comparative Advantage and Factor Endowments

Beyond Comparative Advantage

The Theory of Tariffs and Quotas

Commercial Policy

International Trade and Labor and Environmental Standards

Trade and the Balance of Payments

Exchange Rates and Exchange Rate Systems

An Introduction to Open Economy Macroeconomics

International Financial Crises

The European Union: Many Markets Into One

Trade and Policy Reform in Latin America

Export-Oriented Growth in East Asia

China and India in the World Economy

Filters

Exam 13: The United States in the World Economy

Under NAFTA,environmental standards are

Free trade agreements

Which of the following is a preferential agreement?

The NAFTA would probably not have been ratified by Congress without labor and environmental side agreements.

What evidence is there as to job gains and losses in the U.S.due to free trade agreements?

Explain what a purchasing power parity adjustment is and why it is necessary.Should it always be used?

Which of the following is NOT a true statement about U.S.exports?

Why are trade agreements between the U.S.and Mexico more controversial than trade agreements between the U.S.and Canada?

Under the side agreements to the NAFTA,

Few countries have a higher GDP per capita than the weighted average of Canada,Mexico and U.S.GDP.

Preferential agreements

Under the NAFTA,countries must enforce their own labor standards.

A slowing U.S.economy and increased enforcement of immigration laws will reduce ________ factors for Mexican immigration to the United States.

Which of the following countries is NOT involved in a free trade agreement with the U.S.?

Which of the following is most important in determining the number of jobs in an economy?

What two trends was Canada trying to address in negotiating CUSTA?

Explain the importance of free trade agreements to the U.S.and how they benefit the U.S.economy.

The United States in a Global Economy

International Economic Institutions Since World War II

Comparative Advantage and the Gains From Trade

Comparative Advantage and Factor Endowments

Beyond Comparative Advantage

The Theory of Tariffs and Quotas

Commercial Policy

International Trade and Labor and Environmental Standards

Trade and the Balance of Payments

Exchange Rates and Exchange Rate Systems

An Introduction to Open Economy Macroeconomics

International Financial Crises

The European Union: Many Markets Into One

Trade and Policy Reform in Latin America

Export-Oriented Growth in East Asia

China and India in the World Economy

Filters