USA HISTORY

THE RISE OF POLITICAL CONSERVATISM 1980 1992

PRESIDENT RONALD REAGANS FOREIGN POLICY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following was an intended purpose of NAFTA?
A
Establish free trade between the US, Canada, and Mexico.
B
Improve relations between the US and USSR.
C
Establish an alliance against communism in Europe.
D
Unite the economic systems of several European nations.
Explanation: 

Detailed explanation-1: -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-2: -The purpose of the North American Free Trade Agreement (NAFTA) was to reduce trading costs, increase business investment, and help North America be more competitive in the global marketplace. The agreement was between Canada, the United States, and Mexico.

Detailed explanation-3: -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-4: -North American Free Trade Agreement (NAFTA) established a free-trade zone in North America; it was signed in 1992 by Canada, Mexico, and the United States and took effect on Jan. 1, 1994. NAFTA immediately lifted tariffs on the majority of goods produced by the signatory nations.

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