Asked by autumn hodiste on May 28, 2024
Verified
The North American Free Trade Agreement (1992)
A) Provides for both capital and labor mobility between Canada, U.S., and Mexico.
B) Allows companies from Canada, U.S. and Mexico to invest in any of these three countries.
C) Requires companies in Canada, U.S. and Mexico to live up to uniform labor standards.
D) Creates new tariffs that make it more difficult for other countries to trade in Canada, U.S., and Mexico.
North American Free Trade Agreement
An important trade deal aimed at reducing trading costs, increasing business investment, and helping North America be more competitive in the global marketplace, also known as NAFTA.
Capital and Labor Mobility
The ease with which capital funds and labor can move across borders or industries, influenced by regulations, immigration policies, and financial systems.
- Discern the influence and purpose of various international treaties and organizations in relation to global commerce and labor criteria.
- Familiarize oneself with the purpose and results of the North American Agreement on Labor Cooperation (NAALC) and ascertain the effects of NAFTA on employment.
Verified Answer
DS
Daniel StibralJun 01, 2024
Final Answer :
B
Explanation :
NAFTA allows companies from Canada, U.S., and Mexico to invest in any of these three countries, promoting investments and business endeavors. Although NAFTA does include certain labor provisions, they are not uniform across all three countries, and there is no requirement for labor mobility. There are also no new tariffs created under NAFTA.
Learning Objectives
- Discern the influence and purpose of various international treaties and organizations in relation to global commerce and labor criteria.
- Familiarize oneself with the purpose and results of the North American Agreement on Labor Cooperation (NAALC) and ascertain the effects of NAFTA on employment.