6
QuizMultiple Choice

International Trade

Question 6 • VT-GA-EOC-Personal Finance & Economics B ULHS

NAFTA is a 1994 __________ between the United States, Mexico, and Canada.

Answer
A
free trade agreement
B
quota
C
tariff
D
exchange rate

Explanation

NAFTA stands for the North American Free Trade Agreement. It took effect in 1994 and established trade rules among the United States, Mexico, and Canada, so the correct choice is “free trade agreement.” A quota limits how much of a good may be imported, and a tariff is a tax on imports; neither describes NAFTA itself.

AI-written and checked against the verified answer.

Previous
Next