Which of the Following Probably Slowed NAFTA's Effect on the Wages

question 96

Multiple Choice

Which of the following probably slowed NAFTA's effect on the wages of Mexican workers?

• A) the Mexican peso crisis in which Mexico's currency fell greatly in value
• B) the reluctance of the U.S. government to allow guest workers
• C) the Iraq war
• D) increases in illegal emigration to the United States

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Definitions:

Clayton Act

A United States antitrust law enacted in 1914, aimed at preventing anticompetitive practices in their incipiency.

Federal Trade Commission Act

The federal law of 1914 that established the Federal Trade Commission.

Alcoa Case

A 1945 case in which the courts ruled that the possession of monopoly power, no matter how reasonably that power had been used, was a violation of the antitrust laws; temporarily overturned the rule of reason applied in the U.S. Steel case.

Structuralist Approach

A methodology in economics and social sciences that focuses on understanding the underlying structures that shape economic outcomes.