Final answer:
The free-trade agreement that Mexico, Canada, and the United States all belong to is NAFTA, which was replaced by the USMCA agreement in 2020, retaining the essence of free trade among these countries. Option D
Step-by-step explanation:
The correct answer to which of the following free-trade agreements do Mexico, Canada and the United States all belong is D. NAFTA (North American Free Trade Agreement).
NAFTA was an agreement initiated by U.S. President Ronald Reagan and later signed by the three countries at the end of 1992 to reduce trade barriers and allow goods to flow freely among them. The agreement faced some opposition but was eventually ratified by all three countries and took effect in 1994. NAFTA aimed to create one of the largest trade blocs in the world.
It is important to note that as of July 1, 2020, NAFTA has been replaced by USMCA (United States-Mexico-Canada Agreement), which is broadly similar to the original NAFTA. Despite the replacement, the concept of a free-trade agreement between these three nations remains intact. Option D