With Reference to NAFTA, Due to ____, Japan Could Not

question 17

Multiple Choice

With reference to NAFTA, due to ____, Japan could not assemble autos in Mexico and avoid U.S. or Canadian tariffs and quotas unless the auto had a specific percentage of Mexican (i.e., North American) content.

• A) very high tariffs
• B) certain quality standard requirements
• C) rules of origin
• D) issues related to intellectual property rights
• E) quota restrictions

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Definitions:

Partnership

A business setup legally established by two or more partners who divide management duties and profits.

Consumer Cooperative

A type of cooperative that is owned and operated by its members, with the aim of reducing costs and/or improving the quality of goods and services.

Farm Cooperative

A group of farmers who pool their resources in certain areas of activity, aiming to increase their economic power and secure their livelihoods.

Electric Power

The generation, transmission, and distribution of electricity for use in industrial, commercial, and residential settings.