Few countries have a higher GDP per capita than the weighted average of Canada, Mexico and U.S. GDP.
Indicate whether the statement is true or false
Question 2 - Television programming might be targeted for protection in a country using which of the following arguments?
A) Infant industry
B) National security
C) Labor argument
D) Cultural protection
Question 3 - Which of the following is not a true statement about the Bretton Woods system?
A) The value of the dollar was fixed in terms of gold.
B) Other currencies fixed values in terms of the dollar.
C) The U.S. was able to increase its money supply easily.
D) Trade deficits were eliminated.
Question 4 - Which of the following criticisms is NOT directed at the IMF?
A) It lacks openness in its decision-making process.
B) It serves the interests of wealthier countries.
C) It creates a free-riding problem.
D) It violates national sovereignty.
Question 5 - Which of the following is NOT a reason Mexico and Canada wanted a free trade agreement with the United States?
A) Mexico wanted increased direct foreign investment.
B) Canada wanted to guarantee access to the U.S. market.
C) Mexico wanted the United States to lower its high barriers to Mexican products.
D) Mexico wanted to institutionalize its economic reforms.
Question 6 - Cheap foreign wages is a poor argument for protection because it fails to recognize the importance of productivity. Which of the following does NOT contribute to increasing productivity?
A) Education and training
B) Government subsidies
C) Infrastructure
D) Capital
Question 7 - Under a pure gold standard,
A) exchange rates float most of the time.
B) money is worth more than under other systems.
C) nations must buy and sell gold to settle international obligations.
D) there is no inflationary pressure.
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