One Area of Labor Issues That the Labor Side Agreement

question 20

Multiple Choice

One area of labor issues that the labor side agreement to NAFTA does not open to foreign consultation or investigation is

• A)the use of child labor.
• B)worker exposure to unsafe conditions.
• C)minimum wages.
• D)worker's rights to organize.
• E)worker exposure to toxic hazards.

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Definitions:

Supply Curves

A graphical representation that shows the relationship between the price of a good or service and the quantity that suppliers are willing to offer for sale at that price, over a given period.

Invisible Hand

A term coined by Adam Smith to describe the self-regulating nature of the marketplace where individuals pursuing their own self-interest lead to the benefit of society at large.

Comparative Advantage

The ability of a country, individual, company, or region to produce a good or service at a lower opportunity cost than its competitors.

Self-Interest

The pursuit of personal advantage and well-being, often driving economic decisions and behaviors.