Which factor of production in the United States is most likely to be made worse off (its factor payment will decrease) because of the North American Free Trade Agreement ?

Related Mcqs:

The Common Agricultural Policy of the European Union has ?

A. increase American farm exports to the EU B. decrease American farm exports to the EU C. lowered the price of American farm exports to the EU D. not affected the price of American farm exports to the EU...

Suppose that tomatoes from Mexico face a 20 percent tariff in the United States and a 25 percent tariff in Canada. If the United States and Canada maintain free trade between each other, the these two countries belong to a ?

A. free-trade area B. customs union C. common market D. monetary union...

Trade diversion takes place when ?

A. a country moves from autarky to free trade B. a movement to a customs union reduces the costs of trade through standardization economic integration results in a C. economic integration results in a movement in product origin to a lower cost member country D. economic integration results in a shift in product origin from … Trade diversion takes place when ?Read More...

If A imposes a per unit tariff of $10 on imports from both B and C A will import ?

A. 400 units from B B. 200 units from C C. 200 units from each D. 400 units from B and 200 units from C...

If A forms a customs union with C, the value of trade diversion will be ?

A. $0 B. $10,000 C. $20,000 D. $40,000...