What Was the Main Objection Raised by Those in the United

question 20

Multiple Choice

What was the main objection raised by those in the United States and Canada who opposed the ratification of the NAFTA?

• A) job losses
• B) balance-of-payment problems
• C) threat of competition from Asian companies
• D) threat of a loss of national sovereignty

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Definitions:

Foreign Exchange

The market in which currencies are traded and exchange rates are determined.

Demand Curve

A graph that shows the relationship between the price of a good and the quantity of that good that consumers are willing to purchase.

Currency Value

The worth of a particular currency in terms of another currency or the amount of goods and services that can be exchanged for it.

U.S. Dollar

The official currency of the United States, widely used as a standard of exchange in international markets and a reserve currency globally.