Regarding Trade in Services Under NAFTA

question 55

Multiple Choice

Regarding trade in services under NAFTA:

• A) No NAFTA country can require a North American service provider to have a residence or office within its border.
• B) The most important impact of NAFTA's financial services provisions is that they open Mexican financial service industries to investment by Canada and the United States.
• C) NAFTA does not affect regulations applied to purely domestic truck or bus transportation.
• D) NAFTA eliminated all tariffs on telephones, cellular phones, and trade in communications equipment in 2004.
• E) All of the above are correct.

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Definitions:

Organic Product

Materials or substances originating from biological sources, especially those made up of carbon-based compounds.

Major Organic

This term lacks specificity without additional context but could refer to the principal or most significant organic compound(s) or molecule(s) in a given context.

Methyl Ester

Organic compounds formed from the reaction of an acid with methanol, characterized by a methyl group attached to the ester functional group.

Carboxylic Acid

Organic acids characterized by the presence of at least one carboxyl group (-COOH), which gives them their acidic properties.