The system that provides common industry definitions for Canada,Mexico,and the United States,which makes it easier to measure economic activity in the three member countries of the North American Free Trade Agreement (NAFTA),is referred to as the
A)Standard Industrial Code System (SICS).
B)United Nations Central Product Classification System (UNCPCS).
C)Free Trade Classification System (FTCS).
D)North American Industry Classification System (NAICS).
E)Federal System of International Organizations (FSIO).

Question

Quizplus · Accepted Answer

The system that provides common industry definitions for Canada, Mexico, and the United States, which makes it easier to measure economic activity in the three member countries of the North American Free Trade Agreement (NAFTA), is referred to as the North American Industry Classification System (NAICS). It replaced the Standard Industrial Classification (SIC) system and is used by government agencies, businesses, and researchers in the three countries. Therefore, the best choice is D.

The System That Provides Common Industry Definitions for Canada,Mexico,and the United