Asked by Shakia Balmer on May 26, 2024
Verified
One effect of the North American Free Trade Agreement (NAFTA) is:
A) an increase in trade among the NAFTA member nations
B) an increase in the number of low-wage jobs in the United States
C) a decrease in trade among NAFTA member nations
D) an increase in trade restrictions among the member nations
North American Free Trade Agreement
An agreement among the United States, Canada, and Mexico designed to remove tariff barriers between the three countries.
NAFTA Member Nations
The countries that are part of the North American Free Trade Agreement, aimed at reducing trading costs, increasing business investment, and helping North America be more competitive in the global marketplace.
Trade Restrictions
Measures applied by governments to control the exchange of goods and services across its borders, including tariffs, quotas, and embargoes.
- Familiarize oneself with the processes of international trade agreements and their impact on global business operations.
Verified Answer
Learning Objectives
- Familiarize oneself with the processes of international trade agreements and their impact on global business operations.
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