USA HISTORY

THE RISE OF POLITICAL CONSERVATISM 1980 1992

PRESIDENT GEORGE HW BUSH

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following would be considered an important advantage of U.S. participation in NAFTA?
A
The United States maintains common defenses with Canada and countries inEurope
B
The United States can express its views in the General Assembly
C
The United States is able to assert its control over developing nations
D
The United States fostersits trading relations with Canada and Mexico
Explanation: 

Detailed explanation-1: -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-2: -The USMCA, which substituted the North America Free Trade Agreement (NAFTA) is a mutually beneficial win for North American workers, farmers, ranchers, and businesses. The Agreement creates more balanced, reciprocal trade supporting high-paying jobs for Americans and grow the North American economy.

Detailed explanation-3: -NAFTA has had an overwhelmingly positive effect on the Canadian economy. It has opened up new export opportunities, acted as a stimulus to build internationally competitive businesses, and helped attract significant foreign investment.

Detailed explanation-4: -In short, NAFTA created a large free-trade zone reducing or eliminating tariffs on imports and exports between the three participating countries (the U.S, Mexico, and Canada). Overall, there was an increase in trade between the three countries, and real per-capita GDP also increased slightly.

There is 1 question to complete.