Asked by Haley Adams on May 09, 2024

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The North American Free Trade Agreement (NAFTA) :

A) took effect in 1984.
B) inhibited globalization after it came into effect.
C) added new tariffs to the existing tariffs on U.S. exports.
D) reduced trade barriers among United States, Canada, and Mexico.

North American Free Trade Agreement

A trade agreement eliminating tariffs and other trade barriers between the United States, Canada, and Mexico.

Tariffs

Taxes imposed on imported goods and services, which can affect trade dynamics between countries.

Trade Barriers

Measures implemented by governments to regulate or limit international trade, including tariffs, quotas, and embargos, to protect domestic industries.

  • Grasp the impact of international agreements like NAFTA on global trade and economic integration.
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CB
Courtney BlackburnMay 16, 2024
Final Answer :
D
Explanation :
NAFTA, which took effect in 1994, was designed to reduce trade barriers among the United States, Canada, and Mexico, thereby increasing trade and investment between these three countries.