In the context of established economies,which of the following observations about NAFTA is incorrect?
A) Mexican businesses are able to take advantage of the U.S. market by producing goods for that market that were previously purchased from Asia.
B) Mexican firms are now able to produce products at highly competitive prices thanks to lower-cost labor and proximity to the American market.
C) Mexican firms can now export goods into the European community only by paying a heavy tariff.
D) Mexico's trade with Asia is on the rise, which is important to the country as it wants to reduce its overreliance on the U.S. market.
Correct Answer:
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