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 :

GinnyAnswer

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.


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