A Speech on Trade Alliances (Scenario)
As manager of the international department for your company, you have been asked by the local Chamber of Commerce to deliver a speech on global trade. The presentation should include an overview of the world's major trade alliances and mechanisms that promote global trade. The Chamber president has also asked you to comment on a recent quote by a local politician, who stated: "NAFTA has been a bad deal for Canada and it continues to weaken our economy." As you review your notes, you wonder how you will fit all the information into the allotted half-hour presentation time!
-In response to the politicians' comments about NAFTA,you will point out that many economists would ________.
A)agree because only the U.S.has achieved a stronger economy through NAFTA
B)agree because only Mexico has achieved a stronger economy through NAFTA
C)agree because both the U.S.and Mexico have achieved stronger economies through NAFTA,while Canada has not
D)disagree because Canada,the U.S.,and Mexico have all achieved stronger economies through NAFTA

Question

Quizplus · Accepted Answer

Many economists would disagree with the statement that NAFTA has been a bad deal for Canada and has weakened their economy. In fact, all three countries involved in NAFTA - Canada, the U.S., and Mexico - have seen their economies strengthen as a result of the agreement. Studies have shown that trade between the three countries has increased, leading to job growth and increased competitiveness in the global marketplace. While there may be some specific industries or communities that have been negatively impacted by NAFTA, overall it has been a mutually beneficial trade agreement for all parties involved.