How Does the NAFTA Seem to Increase the International Competitiveness

question 1

Multiple Choice

How does the NAFTA seem to increase the international competitiveness of U.S. and Canadian firms?

• A) It gives them access to scarce natural resource hitherto unavailable.
• B) It increases tariff barriers making the North American market less attractive to Asian companies.
• C) It allows them to take advantage of lower labor costs in Mexico.
• D) It gives them production bases in South American markets like Brazil and Argentina.

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Definitions:

Pioneering

The act of being among the first to explore, develop, or adopt new techniques, areas of knowledge, or technology.

Informational

Pertaining to data, facts, or details that provide knowledge or insight.

Features and Benefits

Specific characteristics of a product or service (features) and how they provide value to the customer (benefits).

Pioneering

The act of being among the first to explore, discover, or use something new.