Which of the Following Statements Is True of NAFTA

question 38

Multiple Choice

Which of the following statements is true of NAFTA?

• A) It introduced a common currency for trade between the U.S., Mexico and Canada.
• B) It overrode the local content requirements and rules of origin for products manufactured in the member nations.
• C) It eliminated all tariffs and nontariff trade barriers on goods originating from within North America.
• D) It called for stringent rules regarding government procurement practices and the imposition of countervailing duties.

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Definitions:

Income

The financial gain or money received by an individual or household, coming from various sources like employment, investments, or business ventures, used for consumption and savings.

Boomerang Kid

describes a young adult who returns to live with their parents after a period of independence, often due to economic or personal reasons.

Techies

Individuals who are highly knowledgeable about or skilled in technology, especially computers and digital tech.

Aging Mother

refers to the demographic and social phenomena related to the increasing age of mothers at childbirth, often influenced by societal, economic, and health factors.