15. Which statement best outlines a purpose of free trade agreements between the United States, Mexico, and Canada?(1 point)

Question

Responses

establish foreign trade between North American countries and Asian countries such as China and Japan
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 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
eliminate many trading and investment barriers while improving the economies of Canada, United States, and Mexico

establish a uniform military front within North America in order to prevent terrorism
establish a uniform military front within North America in order to prevent terrorism
Question 16
Which statement below is NOT an economic impact of free trade agreements in North America?(1 point)
Responses

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.

Economic collaboration through intercontinental trade has created a bloc among North American countries.
Economic collaboration through intercontinental trade has created a bloc among North American countries.

Elimination of tariffs between member nations reduces the cost of goods.
Elimination of tariffs between member nations reduces the cost of goods.

The largest market for Canada's agricultural exports is the United States.

Answer 1

Question 15: Which statement best outlines a purpose of free trade agreements between the United States, Mexico, and Canada?

The correct response is: eliminate many trading and investment barriers while improving the economies of Canada, United States, and Mexico.

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Question 16: Which statement below is NOT an economic impact of free trade agreements in North America?

The correct response is: Mexican businesses have relocated to the United States where labor costs are lower.

This statement is not an accurate reflection of the impacts of free trade agreements, as the trend has often been the opposite, with U.S. companies relocating operations to Mexico to take advantage of lower labor costs.