The North American Free Trade Agreement (NAFTA):

Question

Quizplus · Accepted Answer

NAFTA has led to the movement of production jobs to Mexico due to its lower labor costs, making it an attractive destination for manufacturing companies. This has been a controversial aspect of the agreement, as it has resulted in job losses in the United States and Canada.

Note: Choices A, C, and D are incorrect. A is incorrect because NAFTA does not include Colombia. C is incorrect because the agreement requires companies to adjust strategies to take advantage of the new trade rules. D is incorrect because NAFTA includes a dispute resolution mechanism to resolve trade disputes among participating countries.