Which of the Following Statements Is True About NAFTA

question 4

Multiple Choice

Which of the following statements is true about NAFTA?

• A) It is a free trade agreement between Canada and the United States.
• B) It was initiated by the United States.
• C) It was implemented during President Bill Clinton's term.
• D) It immediately eliminated tariffs among the United States, Mexico, and Canada.
• E) It was enacted in 2002 and encourages free trade.

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Definitions:

Diet Pepsi

A low-calorie carbonated soft drink produced by PepsiCo, branded as a healthier alternative to regular Pepsi.

Beverages

Drinkable liquids excluding water, such as tea, coffee, soda, and alcohol.

Corporate Taxation

The tax levied by governments on the profits earned by corporations, affecting their net income and financial decisions.

Monopolist

A single seller in a market with no close substitutes for the product, giving the seller considerable control over prices.