Arguments on the Positive Side of NAFTA Do not Include

question 187

Multiple Choice

Arguments on the positive side of NAFTA do not include

• A) greater cross-border trade.
• B) benefits to farm exports.
• C) a common currency.
• D) reform of the Mexican business environment.
• E) greater productivity of manufacturers.

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Definitions:

Adjusting Entry

An accounting entry made into a journal at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.

Property Tax

A tax assessed on real estate by the local government and based on the property's value.

Adjusting Journal Entry

A journal record used to adjust the balances in various ledger accounts to more accurately reflect income and expenses for the period.

Supplies Account

An account that tracks the cost of supplies not yet used by a business.