Question
. Which statement best outlines a purpose of free trade agreements between the United States, Mexico, and Canada?(1 point)
Responses
eliminate trading and investment barriers with European and Asian countries
eliminate trading and investment barriers with European and Asian countries
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 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
Elimination of tariffs between member nations reduces the cost of goods.
Elimination of tariffs between member nations reduces the cost of goods.
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.
The largest market for Canada's agricultural exports is the United States.
The largest market for Canada's agricultural exports is the United States.
Economic collaboration through intercontinental trade has crea
Responses
eliminate trading and investment barriers with European and Asian countries
eliminate trading and investment barriers with European and Asian countries
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 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
Elimination of tariffs between member nations reduces the cost of goods.
Elimination of tariffs between member nations reduces the cost of goods.
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.
The largest market for Canada's agricultural exports is the United States.
The largest market for Canada's agricultural exports is the United States.
Economic collaboration through intercontinental trade has crea
Answers
GPT-4o mini
The best statement that outlines a purpose of free trade agreements between the United States, Mexico, and Canada is:
**eliminate many trading and investment barriers while improving the economies of Canada, United States, and Mexico.**
This response accurately reflects the goals of agreements like the USMCA (United States-Mexico-Canada Agreement), which aim to foster economic cooperation and growth among the three countries by reducing trade barriers.
For the second question, the statement that is NOT an economic impact of free trade agreements in North America is:
**Mexican businesses have relocated to the United States where labor costs are lower.**
This statement doesn't align with the typical narrative regarding the impact of free trade agreements, as many Mexican businesses generally benefit from cost advantages in their home country rather than relocating to the U.S. for lower labor costs. In fact, the agreements often lead to increased trade and investment in Mexico, rather than outright relocation of businesses to the U.S. for labor reasons.
**eliminate many trading and investment barriers while improving the economies of Canada, United States, and Mexico.**
This response accurately reflects the goals of agreements like the USMCA (United States-Mexico-Canada Agreement), which aim to foster economic cooperation and growth among the three countries by reducing trade barriers.
For the second question, the statement that is NOT an economic impact of free trade agreements in North America is:
**Mexican businesses have relocated to the United States where labor costs are lower.**
This statement doesn't align with the typical narrative regarding the impact of free trade agreements, as many Mexican businesses generally benefit from cost advantages in their home country rather than relocating to the U.S. for lower labor costs. In fact, the agreements often lead to increased trade and investment in Mexico, rather than outright relocation of businesses to the U.S. for labor reasons.