Asked by Shakia Balmer on May 26, 2024

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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.
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TD
Thuý Di?m Ngô Nguy?nMay 31, 2024
Final Answer :
A
Explanation :
NAFTA, implemented in 1994, aimed to eliminate barriers to trade and investment between the U.S., Canada, and Mexico. This led to a significant increase in trade among the member nations by reducing tariffs and other trade barriers.