Question

How did NAFTA affect the economies of participating countries?

by creating unrestricted trade benefits
by raising employment rates and standards of living
by creating a balance of exports and imports
by increasing the overall volume of production

Answer 1

by increasing the overall volume of production

Answer 2

The correct answer is D. The North American Free Trade Agreement or NAFTA is signed in 1994. by Canada, Mexico, and the United States, making a trilateral trade bloc in North America. It is going to replaced by the 2018 United States, Mexico, Canada Agreement. Since it is a trade agreement, it is supposed to increase trade between these countries which will result in the increased production. Donald Trump said that he was pulling out of NAFTA and that would have a range of consequences for the U.S. including reduced access to the export markets, reduced economic growth, and increased prices for gasoline, cars, fruits, and vegetables.