The early euphoria over NAFTA was snuffed out in December 1994 when the ______________ was shaken by a financial crisis.
A)U.S.economy
B)Mexican economy
C)Brazilian economy
D)Canadian economy
E)global economy

Question

Quizplus · Accepted Answer

The question asks about the financial crisis that ended the early euphoria over NAFTA. The correct choice is B, the Mexican economy, because in December 1994, Mexico faced a severe financial crisis that led to devaluation of the Mexican peso and shook the confidence in Mexico's financial system. This affected trade and investment flows between Mexico, the US, and Canada and led to a period of economic uncertainty and volatility in the region. The other options listed are not directly related to the NAFTA agreement or the 1994 financial crisis.

The Early Euphoria Over NAFTA Was Snuffed Out in December