Question

NAFTA Multiple Choice has increased the standard of living in the North African member nations. benefits workers in the participating nations but hurts consumers by raising prices. allows completely unrestricted movement of goods, services, and resources between the member nations. has reduced most trade barriers between Canada, Mexico, and the United States.

Answer 1

has reduced most trade barriers between Canada, Mexico, and the United States.

Step-by-step explanation:

NAFTA is a commercial agreement between Mexico, Canada, and the United States of America. The NAFTA treaty established the second most extensive free trade block in the world but the largest in terms of trade volumes. NAFTA came into effect on 1 st January 1994.

The objectives of the NAFTA agreement were to eradicate or minimize trade barriers amongst the member countries gradually. The nations wanted to encourage trade, especially in the clothing, textile, agriculture, and automobile industries. The treaty also established common standards in the manufacturing and other sectors of the economy.