Which of the Following Is a Consequence of NAFTA

question 69

Multiple Choice

Which of the following is a consequence of NAFTA?

• A)Hundreds of thousands of American jobs were lost.
• B)U.S.manufacturers who had their manufacturing plants in Mexico moved them back to the United States.
• C)Prices of many products manufactured in Canada fell significantly.
• D)Mexican companies lost market share to European manufacturers.

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Definitions:

Cost Method

An accounting method used to value an investment, where the investment is recorded at its acquisition cost without reflecting changes in its market value.

Consolidated Income Statement

A financial statement that summarizes the financial performance of a company and its subsidiaries.

Gross Profit

The difference between sales revenue and the cost of goods sold, indicating the efficiency of core operations.

Cost Method

An accounting technique where investments are recorded at their original purchase cost, without adjustment for market changes unless deemed permanently impaired.