Which of the following statements is true of free trade zones?
A) Central American countries and the Dominican Republic (CAFTA-DR) is a free trade agreement between the U.S.and Europe that has resulted in greater exports of U.S.beef to Europe.
B) North American Free Trade Agreement (NAFTA) is a free trade agreement between the U.S.,Canada,and Mexico that has reduced illegal migration of Mexicans to the U.S.
C) Association of Southeast Asian nations (ASEAN) is a free trade agreement between the U.S.and a group of South Asian countries that has led to an increase in U.S.outsourcing to countries like India.
D) Mercosur is a free trade association of Latin American countries that aims to increase export subsidies and domestic content requirements in each member country.
E) The Trans-Pacific Partnership is a free trade association of South Africa and its four neighbouring countries.
Correct Answer:
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