Which of the Following Statements Is True of Free Trade

question 75

Multiple Choice

Which of the following statements is true of free trade zones?

• A) Central American countries and the Dominican Republic (CAFTA-DR) have a free trade agreement between the United States and Europe that has resulted in greater exports of U.S. beef to Europe.
• B) The North American Free Trade Agreement (NAFTA) is a free trade agreement between the United States, Canada, and Mexico that has reduced illegal migration of Mexicans to the United States.
• C) The Association of Southeast Asian nations (ASEAN) is a free trade agreement between the United States and a group of South Asian countries that has led to an increase in U.S. outsourcing to countries like India.
• D) Mercosur is a free trade association of Latin American countries that aims to increase export subsidies and domestic content requirements in each member country.
• E) The Trans-Pacific Partnership is a free trade association of South Africa and its four neighboring countries.

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Definitions:

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A century during the Middle Ages, spanning the years 1200 to 1299, marked by significant historical events and developments in various regions.

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An established set of rules or procedures to be followed in a specific situation or a formal agreement between countries.

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The observed rise in Earth's average surface temperature due to human-induced emissions of greenhouse gases.

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The concentration of CO2 gas in the Earth's atmosphere, influential in the discussion of climate change.