Which of the Following Statements Is True About NAFTA

question 57

Multiple Choice

Which of the following statements is true about NAFTA?

• A) It allows the use of standards and technical regulations as obstacles to trade.
• B) It was ratified and became effective in the year 2000.
• C) It prohibits U.S. and Canadian financial institutions to open wholly owned subsidiaries in Mexico.
• D) Its provisions require goods to contain minimum of 10% North American content to be traded duty free.
• E) Its provisions require Canada, Mexico, and the United States to implement uniform customs procedures and regulations.

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Definitions:

Otto Loewi

A pharmacologist and psychobiologist who discovered the first neurotransmitter and won the Nobel Prize in Physiology or Medicine in 1936.

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Signals transmitted between cells or organisms through the release and receipt of chemical compounds.

Nervous System

The network of nerve cells and fibers that transmits nerve impulses between parts of the body, including the brain, spinal cord, and peripheral nerves.

Parkinson Disease

A progressive neurological disorder characterized by motor symptoms such as tremors, stiffness, and slowed movement, due to the loss of dopamine-producing brain cells.