Which of the Following Statements Concerning the North American Free

question 17

Multiple Choice

Which of the following statements concerning the North American Free Trade Agreement (NAFTA) is not true?

• A)The agreement extends most of the provisions of the Free Trade Agreement (FTA) to include Mexico.
• B)The agreement is important because Canada's trade with Mexico is a significant part of Canadian trade.
• C)The agreement is an example of a trilateral trade accord.
• D)Side agreements allow for penalties against a member country that is not enforcing labour or environmental laws.
• E)In future, the agreement may become the base for a wider free trade area that covers all of the Americas.

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Definitions:

Pragmatist

An individual who approaches problems and situations with a practical and logical mindset, focusing on solutions and results rather than abstract principles.

Rationalization

The process of replacing traditional and emotional thought processes with reason and practicality, often associated with the development of bureaucratic systems.

Industrial Revolution

A period of major industrialization from the late 18th to early 19th century, which dramatically changed society with technological advancements and urbanization.

Economic Logic

The rationale or principles guiding economic decision-making, focusing on the allocation of resources for optimal outcomes.