Signature Cycles creates sleek and modern bicycles for commuters and cycling enthusiasts using the latest materials such as carbon fiber frames. Signature Cycles are relatively expensive, but its urban customers routinely pay $800 to $1,000 for the hand-crafted bicycles. The owners are considering expanding their company's footprint outside the United States and are considering opportunities to export its products to Canada and Mexico. They have learned that _______ eliminated virtually all tariffs on goods produced and traded among Canada, Mexico, and the United States.
A) NAFTA
B) EU
C) APEC
D) ASEAN

Question

Quizplus · Accepted Answer

NAFTA (North American Free Trade Agreement) eliminated virtually all tariffs on goods produced and traded among Canada, Mexico, and the United States. This would make it easier and potentially more profitable for Signature Cycles to export their products to Canada and Mexico.

Signature Cycles Creates Sleek and Modern Bicycles for Commuters and Cycling