Although It Has Had Some Criticism for Ineffectiveness, in What

question 113

Multiple Choice

Although it has had some criticism for ineffectiveness, in what
Way has the North American Agreement on Labor Cooperation
Had some positive benefits?

• A)It created an institutional forum for the discussion of labor issues in Canada, the United States, and Mexico
• B)It prohibited any one NAFTA member country from publically revealing violations of labor laws in other NAFTA member
• Countries.
• C)It reduced the emphasis on labor rights as a legitimate trade issue
• D)All of these answer choices are examples of the positive benefits.

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Definitions:

Disequilibrium

A situation in a market where supply does not equal demand, leading to a temporary imbalance and potential for price changes.

Incentive

A factor, either monetary or non-monetary, that motivates individuals or entities to perform an action or engage in a certain behavior.

Long Run

A period of time in economics sufficient for all markets to adjust to changes, including those of supply and demand.

Economic Profits

The total revenue of a business minus its explicit and implicit costs; a measure of incremental gain over the total costs, including opportunity costs.