The Aim of NAFTA Is to Create a Free Trade

question 240

True/False

The aim of NAFTA is to create a free trade area for Canada, the United States, and Western Europe.

---

Definitions:

Market Price

The current price at which a good or service can be bought or sold in a marketplace.

Average Total Cost

The cost per unit is calculated by dividing the sum of fixed and variable production costs by the total quantity of units produced.

Market Price

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

Marginal Revenue

The profit gained by selling an extra unit of a product or service.