Which of the Following Agreements Signed in 1989 Is the

question 152

Multiple Choice

Which of the following agreements signed in 1989 is the
Precursor to NAFTA?

• A)the U.S.­Mexico Free Trade Agreement
• B)the Canada­Mexico Free Trade Agreement
• C)the Canada­U.S.Free Trade Agreement
• D)the Canada­Mexico­U.S.Free Trade Agreement

---

Definitions:

Owned

Having possession or legal right over something.

Installment Method

A method used in taxation allowing the recognition of income over a period of years when payment from a sale of property is received in installments.

Section 179 Deduction

A tax deduction that allows businesses to deduct the full purchase price of qualifying assets financed during the tax year.

Contract Price

The total monetary amount agreed upon by the parties involved in a contract for the exchange of goods, services, or property.