The idea of the U.S.-Canadian Free-Trade Agreement that removed all barriers to trade including tariffs and quotas between the United States and Canada by 1998 was to
A. increase the amount that the United States exports to Canada and the amount that the United States imports from Canada.
B. increase the price of Canadian goods sold in the United States.
C. increase the amount that the United States exports to Canada and decrease the amount that the United States imports from Canada.
D. increase the price of U.S. goods sold in Canada.
Answer: A
You might also like to view...
Refer to Table 2-5. Does either Estonia or Finland have an absolute advantage and if so, in what product?
A) Estonia has an absolute advantage in lumber. B) Finland has an absolute advantage in both products. C) Finland has an absolute advantage in lumber. D) Estonia has an absolute advantage in cell phones.
Which of the following would be a violation of the rational expectations assumption?
A) "Over the past twenty years, people have consistently under-predicted the inflation rate for the following year." B) "Over the past twenty years, people have never once accurately predicted the inflation rate for the following year." C) "The Fed's announcement that it might ease interest rates caused an immediate drop in short-term rates, even before the Fed took any action." D) all of the above E) none of the above