Responses
The largest market for Canada's agricultural exports is the United States.
The largest market for Canada's agricultural exports is the United States.
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.
Elimination of tariffs between member nations reduces the cost of goods.
Elimination of tariffs between member nations reduces the cost of goods.
Economic collaboration through intercontinental trade has created a bloc among North American countries.
1 answer
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 is misleading because, while some businesses might relocate for various reasons, labor costs in the U.S. are generally higher than in Mexico, which is often a factor encouraging companies to move manufacturing or jobs to Mexico rather than the other way around.
