Which of the following statements is true of the Mexican economy?
A) Since the formation of EFTA, Mexico has been modernizing its infrastructure.
B) Immigrant workers from Mexico fill the need for low-cost labor in the U.S.
C) Over 80 percent of Mexico's trade is with Canada.
D) Americans have invested more in Mexico than any other foreign land.

Question

Quizplus · Accepted Answer

Immigrant workers from Mexico do fill the need for low-cost labor in the U.S. However, none of the other statements are true. Mexico is not a member of EFTA, but has been modernizing its infrastructure through initiatives such as the National Infrastructure Plan. Only about 15 percent of Mexico's trade is with Canada, and while the U.S. is one of Mexico's top trading partners, Americans have actually invested less in Mexico than some other countries such as Spain and the Netherlands.

Which of the Following Statements Is True of the Mexican