Johnny Is a Sophomore in College and Has a 1

question 28

Multiple Choice

Johnny is a sophomore in college and has a 1.5 cumulative grade point average (GPA) .Johnny's cumulative GPA will be better next semester if he

• A) (ii)only
• B) (iii)only
• C) (i)and (ii)
• D) (ii)and (iii)

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Definitions:

NAFTA

The North American Free Trade Agreement, a treaty between the United States, Canada, and Mexico that eliminated most tariffs and trade barriers among the three countries.

Trade Agreement

A formal accord between two or more nations that determines the rules of trade, including tariffs and duties, between them.

World Price

The price of a good or service in the international market, often used as a benchmark for comparing domestic prices.

International Trade

International trade involves the exchange of goods and services across international borders, allowing countries to expand their markets and pursue competitive advantages.