Which of the Following Contributed to the Failure of the FTAA

question 36

Multiple Choice

Which of the following contributed to the failure of the FTAA (Free Trade Area of the Americas) ?

• A)a rash of military coups
• B)a wave of general strikes
• C)unwillingness on the part of the U.S. to open its own markets
• D) the success of the Washington Consensus as an alternative project

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Definitions:

Incentives

Rewards or benefits offered to encourage specific actions or behaviors, particularly in contexts of employment or economics.

Incremental Costs

The additional costs incurred when increasing the level of an activity or output by one unit.

Production Capacity

The maximum output that a manufacturing facility can produce under normal working conditions.

Opportunity Costs

The value of the best alternative forgone as a result of making a decision.