Which of the Following Has Occurred as a Result of NAFTA

question 27

Multiple Choice

Which of the following has occurred as a result of NAFTA?

• A) Workers at maquiladoras have instigated union strikes.
• B) Mexico's per-capita income has risen substantially.
• C) Canadian exports to Europe and Asia have doubled.
• D) Foreign investors have been replaced by U.S. firms.

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Definitions:

Federal Income Tax

A tax levied by the IRS on the annual earnings of individuals, corporations, trusts, and other legal entities.

Double Taxation

The imposition of two or more taxes on the same income, asset, or financial transaction.

Corporate Form

A legal structure for a business recognized as a separate legal entity from its owners, providing limited liability but facing double taxation.

Treasury Stock

Treasury stock consists of shares that were once part of the outstanding stock of a company but were later purchased back by the company from shareholders. These shares do not confer voting rights and do not pay dividends.