Question

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What are the costs and benefits of NAFTA to consumers and workers? Write your response in a well-developed paragraph and include an explanation of NAFTA.

Answer 1

6 Benefits of NAFTA

Step-by-step explanation:

Quadrupled Trade

Lowered Prices

Increased Economic Growth

Created Jobs

Increased Foreign Direct Investment

Reduced Government Spending

The North American Free Trade Agreement (NAFTA) was implemented in 1994 to encourage trade between the U.S., Mexico, and Canada. NAFTA reduced or eliminated tariffs on imports and exports between the three participating countries, creating a huge free-trade zone.