Economic Globalization Pre-Test

1. NAFTA can be defined as:

A. a means to acquire convenient resources.

B. a unification treaty that limits trade barriers.

C. an agreement between bordering nations.

D. a way for corporations to more easily outsource labor.

Question

15-07-2024
Social Studies

Answered

Economic Globalization Pre-Test

1. NAFTA can be defined as:

A. a means to acquire convenient resources.

B. a unification treaty that limits trade barriers.

C. an agreement between bordering nations.

D. a way for corporations to more easily outsource labor.

Answer :

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Final answer:

NAFTA is an economic agreement between Canada, the United States, and Mexico that promotes freer trade opportunities and benefits industrial activities and migration patterns.

Explanation:

NAFTA (North American Free Trade Agreement) is an economic agreement between Canada, the United States, and Mexico established in 1994, aimed at eliminating or reducing tariffs, taxes, and quotas between the countries to promote freer trade opportunities. The agreement created the world's largest trading bloc and allowed more corporate investments across borders, resulting in a shift in industrial activities and migration patterns, especially benefiting Mexico's maquiladoras with low-cost labor.

Learn more about NAFTA and Economic Globalization here:

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Economic Globalization Pre-Test1. NAFTA can be defined as: A. a means to acquire convenient resources. B. a unification treaty that limits trade barriers. C. an agreement between bordering nations. D. a way for corporations to more easily outsource labor.

Answer :

Final answer:

Explanation:

Learn more about NAFTA and Economic Globalization here:

Other Questions

Economic Globalization Pre-Test

1. NAFTA can be defined as:

A. a means to acquire convenient resources.

B. a unification treaty that limits trade barriers.

C. an agreement between bordering nations.

D. a way for corporations to more easily outsource labor.