Asked by Isaac Rojas on Jun 15, 2024
Verified
The North American Free Trade Act (NAFTA) :
A) went into effect during the 19th century
B) has only two participants-the United States and Canada
C) resulted in the establishment of maquiladoras along the US-Mexico border
D) removed all tariffs from non-technical products
E) has led to little change in the U.S. manufacturing sector
North American Free Trade Act (NAFTA)
An agreement that was implemented to remove tariff barriers between the U.S., Canada, and Mexico to encourage economic integration.
Maquiladoras
Factories located in Mexico that import materials and equipment on a duty-free and tariff-free basis for assembly or manufacturing and then re-export the finished product.
Tariffs
Taxes imposed by a government on imported or exported goods to regulate trade, increase revenue, or protect domestic industries.
- Investigate the consequences of trade treaties (like NAFTA) and practices (such as maquiladoras) on participating nations and border zones.
Verified Answer
Learning Objectives
- Investigate the consequences of trade treaties (like NAFTA) and practices (such as maquiladoras) on participating nations and border zones.
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