GK
ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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American jobs will be lost to workers in Mexico
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the environment is not adequately protected by NAFTA
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wages in the United States will rise relative to Mexican wages
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none of the above
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Detailed explanation-1: -NAFTA and Its Replacement However, critics claim that NAFTA drained good jobs from America. “Since NAFTA went into effect, U.S. (and Canadian) workers have lost thousands of good jobs as corporations moved production to Mexico, wage inequality has skyrocketed, ‘’ the Economic Policy Institute said in 2018.
Detailed explanation-2: -Some of the positive effects of NAFTA were increased trade, economic output, foreign investment, and better consumer prices. U.S. jobs were lost when domestic manufacturers relocated to lower-waged Mexico, which also suppressed wages in U.S. manufacturing plants.
Detailed explanation-3: -Amid a NAFTA-spurred influx of cheap U.S. corn, the price paid to Mexican farmers for the corn that they grew fell by 66 percent, forcing many to abandon farming. From 1991 to 2007, about 2 million Mexicans engaged in farming and related work lost their livelihoods.
Detailed explanation-4: -The correct answer is option 3, i.e. Iran.