Which of the following is not true of NAFTA?
A) The agreement has a long adjustment phase-in time period.
B) Increased competition should lead to a more efficient market.
C) It will provide additional opportunities for the United States in long-term affiliations with other countries in the Western Hemisphere.
D) It provides protection for intellectual property among its members.
E) Business licensing requirements have been increased.

Question

Quizplus · Accepted Answer

The statement "Business licensing requirements have been increased" is not true of NAFTA. The agreement focuses on reducing barriers to trade and investment between the United States, Canada, and Mexico, rather than increasing regulatory requirements.

Which of the Following Is Not True of NAFTA