How Does NAFTA Define "Made in the U.S.A

question 42

Multiple Choice

How does NAFTA define "Made in the U.S.A."?

• A) As a product for which at least 55 percent of the labor and components are from Canada, Mexico, or the United States.
• B) As a product for which "all or virtually all" of the components and labor are of U.S. origin.
• C) As a product for which at least 50 percent of the components and labor are of U.S. origin.
• D) As a product for which at least 75 percent of the components and labor are of U.S. origin.
• E) As a product for which at least 75 percent of the components and labor are of from Canada, Mexico, or the United States.

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Definitions:

Beginning Inventories

The value of goods available for sale at the start of an accounting period, carried over from the end of the previous period.

Ending Inventories

The worth of merchandise ready for purchase at the conclusion of a financial period.

Interest Expense

Costs incurred by a borrower for the use of borrowed money, typically paid as a rate on loans or debt.

Borrowing Money

The act of obtaining funds from a lender under the agreement to repay them, usually with interest, over a specified period.