Which of the following probably slowed NAFTA's effect on the wages of Mexican workers?
a. the Mexican peso crisis in which Mexico's currency fell greatly in value
b. the reluctance of the U.S. government to allow guest workers
c. the Iraq war
d. so much illegal immigration
Ans: a. the Mexican peso crisis in which Mexico's currency fell greatly in value
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Refer to Figure 9-3. What is the value of revenue to foreign producers who are granted permission to sell in the U.S. market when there is a quota?
A) $12 million B) $17.25 million C) $20 million D) $44 million
Although the National Bank Act of 1863 was designed to eliminate state-chartered banks by imposing a prohibitive tax on banknotes, state banks were able to stay in business by
A) issuing credit cards. B) ignoring the regulations. C) acquiring funds through deposits. D) branching into other states.