Asked by Mason Woodman on Jun 21, 2024
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The _______________________________ is a trade agreement between Mexico, the U.S., and Canada that removes tariffs and other barriers to trade.
Trade Agreement
A negotiated pact between two or more nations that outlines the rules for trade between them, often aiming to reduce tariffs and other barriers to import and export.
Tariffs
denote taxes or duties imposed by governments on imported or, less commonly, exported goods, intended to control trade flows, protect domestic industries, or raise revenue.
Barriers
Impediments, obstacles, or hindrances that prevent progress or make achievement difficult in various contexts.
- Identify and explain the goals and impacts of major trade agreements such as NAFTA.
Verified Answer
AK
Learning Objectives
- Identify and explain the goals and impacts of major trade agreements such as NAFTA.