According to Our Textbook,the First Year That NAFTA Became a Reality

question 12

Multiple Choice

According to our textbook,the first year that NAFTA became a reality turned out to be

• A) a largely positive experience for all three countries.
• B) a largely negative experience for all three countries.
• C) a largely positive experience for Mexico, and largely negative experience for the U.S. and Canada.
• D) a largely positive experience for the U.S. and Canada, and a largely negative experience for Mexico.
• E) a largely positive one for Mexico and Canada and a somewhat negative one for the U.S.

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Definitions:

Break-even

The point at which total costs and total revenue are equal, resulting in no profit or loss for the business.

Variable Cost

Outgoings that are directly influenced by how much is produced or sold, including the costs of labor and materials.

Monthly Dollar Sales

The total revenue generated from sales in a given month, expressed in U.S. dollars.

Variable Expenses

Expenses that fluctuate with changes in production volume or business activity.