Trump's anti-NAFTA/TPP argument is most intended to appeal to:

poor whites in the Rust Belt region.

Since the passage of NAFTA, the balance between US/Mexico trade has shifted. This means that:

The US is buys (imports) more than it sells (exports).

The policy of exporting large amounts of cheap subsidized corn to Mexico should be considered:

contrary to NAFTA's principles of "free trade".

Trump's assertion that we are in a trade war currently is technically:

incorrect, as most countries do not apply heavy tariffs.

A rule that toys painted with lead painted cannot be imported into the US should be considered:

a regulatory trade restriction.

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International Trade

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#economics

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Questions 10

Answers

1
The country the US has the largest trade deficit with currently is:
Bangladesh
China
Mexico
Japan
2
Trump's anti-NAFTA/TPP argument is most intended to appeal to:
African-Americans.
poor whites in the Rust Belt region.
leaders of American manufacturing companies.
educated middle class New Englanders.
3
Since the passage of NAFTA, the balance between US/Mexico trade has shifted. This means that:
The US is buys (imports) more than it sells (exports).
Both countries are losing money.
The US economy has become unstable.
Mexico is taking advantage of the United States.
4
Examples of protectionist trade policy tools include all of the following, EXCEPT:
quotas
free trade agreements
tariffs
subsidies
5
The policy of exporting large amounts of cheap subsidized corn to Mexico should be considered:
contrary to NAFTA's principles of "free trade".
helpful to Mexico, as they can buy cheap corn.
critically neccessary to keep US corn farmers in business.
directly linked to increased immigration from Mexico.
6
Since the passage of NAFTA,
US and Mexican export businesses have become more profitable
All of the above.
The US has increased exports to Mexico.
Mexico has increased ts exports to the United States.
7
Trump's assertion that we are in a trade war currently is technically:
correct, as most countries apply heavy tariffs to imports.
correct, as Congress has declared a trade war on Vietnam.
incorrect, as most countries do not apply heavy tariffs.
correct, as many companies have taken jobs overseas.
8
A rule that toys painted with lead painted cannot be imported into the US should be considered:
a voluntary restraint agreement.
a sanction.
an embargo.
a regulatory trade restriction.
9
When a country imports more products than it exports, it is called:
globalism.
protectionism.
national debt.
a trade deficit.
10
Examples of trade restrictions include all of the following:
subsidies
quotas
sanctions
tariffs

International Trade Flashcards | StudBud