The Concept of the Maquiladoras Was Made Possible by the Passage

question 4

Multiple Choice

The concept of the maquiladoras was made possible by the passage of the ________.

• A) Taft-Hartley Trade Act
• B) North American Free Trade Agreement
• C) Sherman Anti-Trust Act
• D) International Commerce Act of Latin America

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Definitions:

Opportunity Cost

The cost of forgoing the next best alternative when making a decision.

Gardenburger

Typically refers to a brand or type of vegetarian burger made from garden vegetables, often used as a meat substitute.

Beer

An alcoholic beverage made from the fermentation of malted barley and other cereals, flavored with hops.

Budget Constraint

A concept in economics representing all the combinations of goods and services that a consumer can afford given their income level and the prices of goods.