Exploring Economics
8th Edition
ISBN: 9781544336329
Author: Robert L. Sexton
Publisher: SAGE Publications, Inc
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Question
Chapter 28, Problem 6P
To determine
To explain:
The reasons for which many US labor groups oppose NAFTA. Whether the effect of NAFTA on goods and services produced in the participating countries can be predicted or not. If yes, what is that is to be mentioned.
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Why did Trump and many of his supporters see NAFTA as "the worst trade deal
maybe ever"?
which of the following is a criticism that was expressed by American critics of NAFTA?
A.
NAFTA could let some companies benefit from lenient environment policies of the Mexican government
B.
NAFTA could let some companies benefit from high corporate tax rates of the Mexican government
C.
NAFTA could let some companies benefit from high wages of Mexican workers
D.
NAFTA could let some companies benefit from low productivity of Mexican workers
Which of the following is true of foreign trade zones?
These are areas that are physically outside U.S. soil but are considered to be inside U.S. commerce.
Goods entering foreign trade zones are subject to duty until they leave the zones.
Federal government has made it mandatory for U.S. companies to set up manufacturing plants within the foreign trade zones.
Companies that have set up manufacturing plants within the foreign trade zones are free from paying duty on defective materials.
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