A) Match each term with its description below. (2 points)
Halted the import of Canadian beef to
the U.S.
Unimpeded exchange and flow of
goods and services between trading
partners regardless of national
borders
A government tax on imports and
exports
An alliance formed by countries with
similar political or economic goals
Free trade agreement Blocs Bovine spongiform encephalopathy Tariff
- Free trade agreement: Unimpeded exchange and flow of goods and services between trading partners regardless of national borders
- Blocs: An alliance formed by countries with similar political or economic goals
- Bovine spongiform encephalopathy: Halted the import of Canadian beef to the U.S.
- Tariff: A government tax on imports and exports
A)
Which two countries in North America have established the largest trading partnership?
(1 point)
Canada and Mexico
United States and Mexico
United States and Canada
United States and Costa Rica
United States and Canada.
A)
Which statement best outlines a purpose of NAFTA?
(1 point)
establish a uniform military front within North America in order to prevent terrorism
eliminate many trading and investment barriers while improving the economies of Canada,
United States, and Mexico
establish foreign trade between North American countries and Asian countries such as China
and Japan
eliminate trading and investment barriers with European and Asian countries
eliminate many trading and investment barriers while improving the economies of Canada, United States, and Mexico.
A)
Which statement below is not an economic impact of the North American Free Trade
Agreement?
(1 point)
Elimination of tariffs between member nations reduces the cost of goods.
The largest market for Canada's agricultural exports is the United States.
Economic collaboration through intercontinental trade has created a bloc among North
American countries.
Mexican businesses have relocated to the United States where labor costs are lower.
Mexican businesses have relocated to the United States where labor costs are lower.
A)
Trading between the United States and Canada has been problematic at times due to
concern over
(1 point)
Canada’s demand to reduce the amount of oil traded to the U.S. because of a shortage in
supply.
the contamination of Canadian beef exports due to mad cow disease.
the contamination of American vegetables due to the overuse of pesticides.
the shortage of agricultural products that can be traded due to dry and flood conditions