Which of the following statements is true about NAFTA?
A) It is a free trade agreement between Canada and the United States.
B) It was initiated by the United States.
C) It was implemented during President Bill Clinton's term.
D) It immediately eliminated tariffs among the United States, Mexico, and Canada.
E) It was enacted in 2002 and encourages free trade.

Question

Quizplus · Accepted Answer

NAFTA was implemented during President Bill Clinton's term in 1994. Option A is incorrect because it also includes Mexico as a member. Option B is inaccurate because NAFTA was a joint effort between the United States, Canada, and Mexico. Option D is incorrect because NAFTA phased out tariffs over a period of 15 years. Option E is also incorrect because NAFTA was enacted in 1994, not 2002.

Which of the Following Statements Is True About NAFTA