Asked by Patrick Allison on May 31, 2024
Verified
NAFTA
A) has increased the standard of living in the North African member nations.
B) benefits workers in the participating nations but hurts consumers by raising prices.
C) allows completely unrestricted movement of goods, services, and resources between the member nations.
D) has reduced most trade barriers between Canada, Mexico, and the United States.
Trade Barriers
Measures such as tariffs, quotas, and regulations implemented by governments to control international trade and protect domestic industries.
NAFTA
The North American Free Trade Agreement, a treaty between the United States, Canada, and Mexico that eliminated most tariffs and trade barriers between the countries.
- Grasp the role and effects of international agreements such as NAFTA on trade and economic relations.
Verified Answer
PS
Patel ShivaniJun 01, 2024
Final Answer :
D
Explanation :
NAFTA, the North American Free Trade Agreement, primarily aimed to reduce trade barriers between Canada, Mexico, and the United States, facilitating easier exchange of goods and services among these countries.
Learning Objectives
- Grasp the role and effects of international agreements such as NAFTA on trade and economic relations.