The NAFTA is an example of a(n):
A)free-trade area.
B)customs union.
C)common market.
D)economic union.

Question

Quizplus · Accepted Answer

The North American Free Trade Agreement (NAFTA) is an agreement between the United States, Canada, and Mexico to eliminate barriers to trade and investment in North America. It established a free-trade area between these countries, which means that there are no tariffs or trade barriers on goods and services traded between them. However, it does not create a common market, economic union, or customs union.

The NAFTA Is an Example of A(n)