Agreements Like NAFTA and CAFTA

question 49

Multiple Choice

Agreements like NAFTA and CAFTA:

• A) not only reduce barriers to trade but also require additional domestic legal and business reforms in developing nations to protect property rights.
• B) do not include supplemental commitments like the FTAA does on labor and the environment to encourage countries to upgrade their working conditions and environmental protections.
• C) rely exclusively on MNCs exporting or setting up operations locally rather than buying out a domestic firm.
• D) provide firms with enough security so they cannot go out of business, which simply encourages a lack of efficiency or incentive to monitor costs.

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