The single most important factor in the 1992 crisis of the EMS was
A) ratification of the Single European Act.
B) the near failure of the Maastricht Treaty.
C) German reunification efforts.
D) the outbreak of war in the former Yugoslavia.
Question 2
Developing countries are usually unwilling to negotiate over labor standards because
A) the WTO always tends to rule in favor of industrialized nations.
B) they fear that industrialized nations are trying to undermine their comparative advantageproduction of agriculture and textiles/appareland close the markets of high-income countries in these areas.
C) they fear that they may be unable to compete without some protection of their industries.
D) organized labor would not allow them to negotiate with other countries.
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