When Mexico Became a Part of NAFTA,along with Canada and the United

question 221

Multiple Choice

When Mexico became a part of NAFTA,along with Canada and the United States,it:

• A) Eliminated tariffs against Canada and the United States but maintained them against nonmembers
• B) Eliminated tariffs against Canada,the United States,and all nonmember countries
• C) Increased tariffs against Canada the United States,and all nonmember countries
• D) Increased tariffs against Canada and the United States,but did not change them against nonmember countries

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Definitions:

Unconscionable

Refers to actions or terms in a contract that are so unjust or overwhelmingly one-sided in favor of the party with more power that they are contrary to good conscience.

Market Price

The current price at which an asset or service can be bought or sold in a public market.

Output Contract

An agreement where one party commits to sell, and the other to buy, all of a particular producer's output, ensuring a market for the seller and supply for the buyer.

Reasonably Proportionate

A criterion for determining whether a particular measure or action is fair and appropriate in its scope relative to its intended outcome or objective.