Recall Your Reading About NAFTA in the Textbook

question 240

Multiple Choice

Recall your reading about NAFTA in the textbook. Why did the NAFTA agreement result in an increase in lumber supply in the United States?

• A) NAFTA decreed that the United States should produce more lumber.
• B) NAFTA stands for North American Furniture Trade Agreement.
• C) NAFTA reduced barriers to trade, allowing Canadian lumber to enter the United States.
• D) The United States sold more lumber to Canada.

---

Definitions:

Retires

Withdraws from active working life, often due to reaching a certain age or completing a specific length of service.

Perpetuity

A type of annuity that pays a fixed amount to an individual indefinitely.

Scholarship

Financial support awarded to a student, based on academic achievement or other criteria, to help pay for education expenses.

Compounded

Interest calculated on the initial principal, which includes all of the accumulated interest from previous periods.