10
QuizMultiple Choice

Economic Development — Unit test

Question 10 • ISP ONLY: Economics S5000XX

How did NAFTA affect the economies of participating countries?

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

Explanation

NAFTA reduced many trade barriers among the United States, Canada, and Mexico, making it easier for businesses to sell goods across borders. This expanded markets and encouraged countries to produce more, increasing the overall volume of production. It did not guarantee balanced exports and imports or higher employment and living standards for everyone.

AI-written and checked against the verified answer.

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