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Question $6$

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A primary goal of international commodity agreements has been the:

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a$.$

Maximization of members revenues via export taxes

b$.$

Nationalization of corporations operating in member nations

c$.$

Adoption of tariff protection against industrialized nation sellers

d$.$

Moderation of commodity price fluctuations when markets are unstable

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Question $7$

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In the United States, which group was most likely to be hurt by the North American Free Trade Agreement?

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a$.$

Unskilled labor

b$.$

Skilled labor

c$.$

Owners of capital equipment

d$.$

Owners of financial capital

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Question $8$

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Which of the following represents the stage where economic integration is least complete?

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a$.$

Free trade area

b$.$

Monetary union

c$.$

Common market

d$.$

Customs union

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Question $9$

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One factor that has prevented the formation of cartels for producers of commodities is that:

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a$.$

The demand for commodities tends to be price inelastic

b$.$

Substitute products exist for many commodities

c$.$

Commodity produces have been able to dominate world markets

d$.$

Production of most commodities is capital intensive

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