QUESTION 44 According to the textbook, one likely short-term effect of NAFTA was that many U.S. and Canadian firms will move some production to Mexico to take advantage of O A. cheaper transportation costs. B. lower interest rates. C. lower labor costs. D. ahigher skilled labor force.

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter18: The Markets For The Factor Of Production
Section: Chapter Questions
Problem 8PA
icon
Related questions
Question
QUESTION 44
According to the textbook, one likely short-term effect of
NAFTA was that many U.S. and Canadian firms will move
some production to Mexico to take advantage of
A. cheaper transportation costs.
B. lower interest rates.
C. lower labor costs.
O D. ahigher skilled labor force.
Transcribed Image Text:QUESTION 44 According to the textbook, one likely short-term effect of NAFTA was that many U.S. and Canadian firms will move some production to Mexico to take advantage of A. cheaper transportation costs. B. lower interest rates. C. lower labor costs. O D. ahigher skilled labor force.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Current Account
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Microeconomics
Principles of Microeconomics
Economics
ISBN:
9781305156050
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Brief Principles of Macroeconomics (MindTap Cours…
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax