THE RISE OF POLITICAL CONSERVATISM 1980 1992
PRESIDENT GEORGE HW BUSH
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
engaging in more international trade.
|
|
|
creating a uniform international currency
|
|
|
accepting similar wage and price controls
|
|
|
regulating multinational corporations from the Middle East
|
Detailed explanation-1: -The Bottom Line But the agreement has also been blamed for growing unemployment in the U.S. As NAFTA eliminated a large number of manufacturing jobs in the U.S., workers were downscaled to lower-paying and less-secure jobs.
Detailed explanation-2: -NAFTA’s purpose was to encourage economic activity among North America’s three major economic powers: Canada, the U. S., and Mexico. Proponents of the agreement believed that it would benefit the three nations involved by promoting freer trade and lower tariffs among Canada, Mexico, and the United States.
Detailed explanation-3: -NAFTA boosted trade by eliminating all tariffs among the three countries. It also created agreements on international rights for business investors. That reduced the cost of commerce. It spurs investment and growth, especially for small businesses.
Detailed explanation-4: -The North American Free Trade Agreement (NAFTA), which was enacted in 1994 and created a free trade zone for Mexico, Canada, and the United States, is the most important feature in the U.S.-Mexico bilateral commercial relationship.