Asked by Michelle Gonzalez on Jun 18, 2024
Verified
The North American Free Trade Agreement is a(n)
A) trade treaty between Mexico,Canada,and the United States designed to lower and eliminate tariffs.
B) executive agreement between the United States and the other nations of North and Central America,giving one another most favored-nation trade status.
C) treaty between the United States,Canada,and Mexico pledging a unified strategy regarding trade with Asia and Europe.
D) executive agreement reducing trade and immigration barriers throughout North America.
North American
Pertaining to or relating to the continent that comprises Canada, the United States, Mexico, and the countries of Central America.
Trade Agreement
A contract between nations regarding their trade relationships, including terms on tariffs, trade restrictions, and other aspects of international trade.
Tariffs
Taxes imposed by a government on imported goods, often used to protect domestic industries or retaliate in trade disputes.
- Appreciate the impact of international treaties and agreements on the evolution of global trade and security dynamics.
Verified Answer
JM
Jonathon MavecJun 23, 2024
Final Answer :
A
Explanation :
The North American Free Trade Agreement (NAFTA) is a trade treaty between Mexico, Canada, and the United States designed to lower and eliminate tariffs. It went into effect on January 1, 1994.
Learning Objectives
- Appreciate the impact of international treaties and agreements on the evolution of global trade and security dynamics.