NAFTA is a good example of ________.
A)trade divestment
B)trade diversion
C)the theory of trade disruption
D)the theory of trade implementation

Question

Quizplus · Accepted Answer

NAFTA is a good example of trade diversion because it led to a shift in trade from non-NAFTA countries to the NAFTA region, as the elimination of tariffs within NAFTA made it more beneficial for member countries to trade with each other rather than with non-member countries.

NAFTA Is a Good Example of ________