A major U.S. motive for negotiating a free-trade agreement with Mexico was
a. to gain increased access to Mexico's huge oil reserves
b. to achieve ultimately political union with Mexico
c. as a stepping-stone to the formation of a free-trade bloc in the whole Western Hemisphere
d. to appease Canada
e. to appease GATT
QUESTION 2If a person produces capital goods, she sacrifices current production of consumer goods in order to obtain the capability of producing more goods and services in the future. This is called roundabout production.
a. True
b. False
QUESTION 3A major U.S. motive for negotiating a free-trade agreement with Mexico was to
a. help foster the study of the Spanish language as a means to trading with all Spanish-speaking countries
b. increase immigration into the United States
c. gain increased access to Mexican consumers
d. keep Mexico from going Communist
e. achieve, ultimately, political union with Mexico
QUESTION 4The production of capital is a form of roundabout production.
a. True
b. False
QUESTION 5A major U.S. motive for negotiating a free-trade agreement with Mexico was to
a. increase immigration into the United States
b. encourage Mexico's recent drive to achieve a more market-oriented economy
c. keep Mexico from going Communist
d. achieve, ultimately, political union with Mexico
e. help foster the study of the Spanish language in the United States as a means to trading with all Spanish-speaking countries
QUESTION 6Plumbers and carpenters are examples of industrial unions.
a. True
b. False
QUESTION 7The largest regional trading bloc is the
a. North American Free Trade Agreement
b. European Community
c. Latin American Free Trade Agreement
d. Asian Free Trade Agreement
e. East Asian Cooperation Council
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