In 1998 an economic and financial crisis in South Korea caused it to experience
A) a surplus in their balance of payments.
B) a deficit in their balance of payments.
C) a balanced balance of payments.
D) an unbalanced balance of payments.
E) a lull in international trade.
Question 2
U.S. opponents of NAFTA argued that the agreement will hurt the United States. In their view, NAFTA's greatest harm will be its
A) harmonization of labor policies.
B) harmonization of environmental policies.
C) harmonization of the use of pesticides and herbicides.
D) job destruction and downward pressure on U.S. wages.
E) harmonization of product safety standards.
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