Speech on Signing of NAFTA (1993)

question 15

Multiple Choice

Speech on Signing of NAFTA (1993)
Bill Clinton
For the last 20 years, in all the wealthy countries of the world-because of changes in the global environment, because of the growth of technology, because of increasing competition-the middle class that was created and enlarged by the wise policies of expanding trade at the end of World War II has been under severe stress. Most Americans are working harder for less. They are vulnerable to the fear tactics and the averseness to change that are behind much of the opposition to NAFTA. But I want to say to my fellow Americans, when you live in a time of change the only way to recover your security and to broaden your horizons is to adapt to the change-to embrace it, to move forward. . . . The only way we can recover the fortunes of the middle class in this country so that people who work harder and smarter can at least prosper more, the only way we can pass on the American dream of the last 40 years to our children and their children for the next 40, is to adapt to the changes which are occurring.
In a fundamental sense, this debate about NAFTA is a debate about whether we will embrace these changes and create the jobs of tomorrow, or try to resist these changes, hoping we can preserve the economic structures of yesterday. . . . I believe that NAFTA will create 1 million jobs in the first 5 years of its impact. . . . NAFTA will generate these jobs by fostering an export boom to Mexico by tearing down tariff walls. . . . There will be no job loss.
-The reduction of tariffs was consistent with which other objective of the Clinton presidency?

• A) immigration reform
• B) advancing traditional moral views and ideals
• C) the invention of the Internet
• D) reducing the size of the federal government

Recognize the impacts of loneliness on individual well-being, such as sleep quality and illness recovery.

Grasp the role of social rejection and the main reasons for it among peers.

Understand the dynamics of rejection and exclusion in various social contexts, including families, schools, and sports.

Distinguish between the quality and quantity of relationships and their impact on loneliness.

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Definitions:

Residual Income

The profit earned after deducting the cost of capital from the net operating income.

Required Rate Of Return

The minimum rate of return on an investment that investors expect to receive, taking into account the risk involved.

Turnover

The rate at which inventory is sold or replaced over a specific period, or in human resources, the rate employees leave and are replaced in a company.

Residual Income

The income that exceeds the minimum required return on investment, often used as a performance measure in managerial accounting.