The system that provides common industry definitions for Canada, Mexico, and the United States to facilitate the measurement of economic activity in the three member countries of the North American Free Trade Agreement (NAFTA)is called:
A)Federated Trade Codification (FTC).
B)the North American Industry Classification System (NAICS).
C)Federated Domestic and International Classification (FDIC).
D)Strategic International Classification (SIC).

Question

Quizplus · Accepted Answer

The North American Industry Classification System (NAICS) is the system that provides common industry definitions for Canada, Mexico, and the United States to facilitate the measurement of economic activity in the three member countries of NAFTA. Federated Trade Codification (FTC), Federated Domestic and International Classification (FDIC), and Strategic International Classification (SIC) are not appropriate options as they do not relate to the specific purpose of providing common industry definitions for the NAFTA member countries.

The System That Provides Common Industry Definitions for Canada, Mexico