Question

The chart is titled U.S. Trade with Canada and Mexico, 1993-2013. Along the vertical axis, the chart is labeled Values of trade (in billions of dollars). The values start at zero and go up to 700 in hundreds. The horizontal axis is labeled Year. The first year is 1993 and the last is 2013. There are two bars for each year: Exports (in blue) and Imports (in purple). The values in billions for each year are as follows (note that all values are approximate, as the chart does not denote exact values: 1993: Exports 150, Imports 160 1995: Exports 170, Imports 200 1997: Exports 210, Imports 230 1999: Exports 250, Imports 300 2001: Exports 275, Imports 350 2003: Exports 275, Imports 360 2005: Exports 320, Imports 460 2007: Exports 390, Imports 520 2009: Exports 320, Imports 400 2011: Exports 480, Imports 580 2013: Exports 520, Imports 610 Question Use the chart to answer the question. Which statement best summarizes the information on this chart? (1 point) Responses Canada and Mexico imported more from the U.S. than they exported. Canada and Mexico imported more from the U.S. than they exported. Over the 20 years shown, NAFTA greatly increased trade. Over the 20 years shown, NAFTA greatly increased trade. The United States exported more to Canada and Mexico than it imported. The United States exported more to Canada and Mexico than it imported. The trade levels varied up and down over the 20 years shown. The trade levels varied up and down over the 20 years shown.

Answer 1

The statement that best summarizes the information on this chart is: "Over the 20 years shown, NAFTA greatly increased trade."

This conclusion is based on the overall increase in both exports and imports between the U.S. and its neighbors, Canada and Mexico, from 1993 to 2013. The steady rise in trade values indicates significant growth consistent with the expectations from the North American Free Trade Agreement (NAFTA), which was implemented in 1994.