In 1993 Congress Enacted, with Approval of the Clinton Administration

question 56

Multiple Choice

In 1993 Congress enacted, with approval of the Clinton Administration, the North American Free Trade Agreement (NAFTA) . Though it has been politically controversial at times within the United States, what is the purpose of NAFTA?

• A) To lift trade barriers such as protective tariffs and investment restrictions between the United States, Canada and Mexico
• B) To strictly guard American economic interests in the global market
• C) To form economic alliances that would later lead to cooperative military cooperation against common threats
• D) To lift trade barriers to China and East Asian markets in order to increase American exports into those regions
• E) To force American companies to increase trade with Mexico

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Definitions:

Real Estate

Property consisting of land or buildings, and the legal rights associated with owning it.

Writing

The activity or skill of marking coherent words on paper and composing text.

Agreement

A mutual arrangement, contract, or understanding between two or more parties, usually legally binding.

Undisclosed Principal

A person who remains unknown to a third party while being represented by an agent in a transaction or agreement.