Which of the Following Statements Is True of the NAFTA

question 70

Multiple Choice

Which of the following statements is true of the NAFTA?

• A)It allows a member country to reimpose tariffs if imports are hurting that country's economy or its workers.
• B)It disallows any special protection being extended to specific industries.
• C)It disallows NAFTA members from trading with other countries unless a unanimous permission is obtained.
• D)It has been hailed by economists to be a perfect example of a free trade pact.

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Definitions:

Implied-In-Law Condition

A condition in a contract created by the court to ensure fairness, which is not explicitly stated in the contract itself.

Strict Performance

The legal requirement that contractual obligations must be fulfilled exactly as agreed, with no deviations or errors.

Deliver a Deed

The act of officially transferring ownership of real property from the grantor to the grantee by handing over the deed document.

Reasonable Time

A period which is fair and appropriate under the circumstances, considering the specific context of the situation.