Which of the Following Was One of the Objectives of the North

question 30

Multiple Choice

Which of the following was one of the objectives of the North American Free Trade Agreement (NAFTA) ?

• A) to gain increased access to Mexico's huge oil reserves
• B) to achieve political union with Mexico
• C) to use it as a stepping stone to the formation of a free-trade bloc in the Western Hemisphere
• D) to appease Canada
• E) to increase immigration into the United States

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Definitions:

Maximize Utility

The economic theory or objective of achieving the highest level of satisfaction possible with available resources.

Borda Count

A voting method in which voters rank candidates or options, and points are assigned based on the position in which each option is ranked, used to determine a consensus winner.

Independence of Irrelevant Alternatives

A principle in decision theory stating that the preference between two options should not change because of the introduction of new alternatives.

Median Voter

A theoretical concept that suggests the outcome of a majority vote is most likely to represent the preferences of the voter who is in the middle of the political spectrum.