Asked by Renee Jackson on May 12, 2024
Verified
NAFTA established a free-trade area and eliminated trade barriers between
A) the U.S. and Canada only.
B) the U.S., Mexico, and China.
C) the U.S., Mexico, and Canada.
D) the U.S., China, and Canada.
NAFTA
The North American Free Trade Agreement, a treaty between Canada, Mexico, and the United States to reduce trade barriers and promote economic cooperation.
Free-Trade Area
A region where member countries agree to eliminate tariffs and other barriers to trade in goods and services amongst themselves.
Trade Barriers
Measures implemented by countries to regulate or limit international trade, including tariffs, quotas, and non-tariff barriers.
- Identify the successes and obstacles associated with regional trade agreements, including the European Union (EU) and the North American Free Trade Agreement (NAFTA).
Verified Answer
Learning Objectives
- Identify the successes and obstacles associated with regional trade agreements, including the European Union (EU) and the North American Free Trade Agreement (NAFTA).
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