Which Countries Are Members of NAFTA

question 39

Multiple Choice

Which countries are members of NAFTA?

• A) The United States, Canada, and Mexico
• B) Guatemala, Honduras, and Mexico
• C) The United States, Mexico, and Japan
• D) The United States, Canada, and the United Kingdom

---

Definitions:

Comparative Advantage

The knack of entities, whether they are people, companies, or countries, to bring forth goods or services at opportunity costs that undercut those of competitors.

Opportunity Costs

Opportunity Costs represent the benefits that are foregone by choosing one option over an alternative one.

Specialization

The focus by an individual, firm, or country on producing a limited range of goods or services, often to improve efficiency and productivity.