Asked by Natalie Vande Linde on Jun 15, 2024
Verified
One of the main motives for the United States to negotiate a free trade agreement with Mexico was to:
A) increase immigration into the United States.
B) encourage Mexico's recent drive to achieve a more market-oriented economy.
C) attract more Mexican investment.
D) achieve political union with Mexico.
E) help foster the study of the Spanish language in the United States as a means to trading with all Spanish-speaking countries.
Free Trade Agreement
A pact between two or more nations to reduce barriers to imports and exports among them.
Market-Oriented Economy
A type of economic system where supply and demand from private households and businesses shape the production of goods and services, with minimal government intervention.
Immigration
The process of permanently relocating to a country that is not one's own.
- Explain the motivations behind establishing free trade agreements and their economic implications.
Verified Answer
TC
Tejaswini ChintapalliJun 17, 2024
Final Answer :
B
Explanation :
The main motive for the United States to negotiate a free trade agreement with Mexico was to encourage Mexico's recent drive to achieve a more market-oriented economy. The agreement would allow for increased trade between the two countries, which would benefit both economies. It was not intended to increase immigration into the United States, attract more Mexican investment, achieve political union with Mexico, or foster the study of the Spanish language in the United States.
Learning Objectives
- Explain the motivations behind establishing free trade agreements and their economic implications.