Which of the Following Has Resulted from the North American

question 88

Multiple Choice

Which of the following has resulted from the North American Free Trade Agreement (NAFTA) ?

• A) Domestic producers in the United States, Canada, and Mexico have free access to larger markets.
• B) The low wages of Mexican workers have made it virtually impossible for American and Canadian producers to export goods to Mexico.
• C) A smaller variety of goods are available to consumers in all three countries.
• D) Unemployment has increased in all three countries.

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Definitions:

Uniformly Distributed

A type of distribution where all outcomes are equally likely; every variable has the same frequency or probability.

Assembling Product

The process of combining components or parts to build a complete product.

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Standard Normal

A normal distribution with a mean of zero and a standard deviation of one, widely used in statistical analysis.