Asked by Isabella Gutierrez on Jul 25, 2024
Verified
USMCA seeks to
A) substitute cheap labour in Mexico for expensive labour in the United States.
B) curb illegal immigration from Mexico to the United States.
C) phase out all trade and tariff barriers between North America and South America.
D) phase out all trade and tariff barriers between the United States, Canada, and Mexico.
E) phase out trade between the United States, Canada, and Mexico.
Tariff Barriers
These are taxes or duties imposed on imported products by a country to protect its domestic industries from foreign competition or to generate revenue.
North America
A continent in the Northern Hemisphere that includes countries such as Canada, the United States, and Mexico.
- Gain insight into the motivations and rewards of internationalizing business processes.
Verified Answer
ZK
Zybrea KnightJul 31, 2024
Final Answer :
D
Explanation :
USMCA (United States-Mexico-Canada Agreement) aims to phase out all trade and tariff barriers between the United States, Canada, and Mexico. It replaces the previous North American Free Trade Agreement (NAFTA) among the three countries.
Learning Objectives
- Gain insight into the motivations and rewards of internationalizing business processes.