In the Context of Established Economies,which of the Following Observations

question 56

Multiple Choice

In the context of established economies,which of the following observations about NAFTA is incorrect?

• A) Mexican businesses are able to take advantage of the U.S. market by producing goods for that market that were previously purchased from Asia.
• B) Mexican firms are now able to produce products at highly competitive prices thanks to lower-cost labor and proximity to the American market.
• C) Mexican firms can now export goods into the European community only by paying a heavy tariff.
• D) Mexico's trade with Asia is on the rise, which is important to the country as it wants to reduce its overreliance on the U.S. market.

---

Definitions:

Sensory Receptors

Specialized cells or structures in organisms that respond to external stimuli and send signals to the nervous system.

Meissner Corpuscles

Specialized nerve endings in the skin that are sensitive to touch and vibration, especially in hairless areas.

Merkel Disks

A type of mechanoreceptor found in the skin, which responds to light touch.

Theta Waves

Theta waves are a type of brainwave frequently associated with sleep and deep meditation, characterized by a frequency range from 4 to 8 Hz and often linked to creativity, meditation, and REM sleep.