Which of the following statements characterizes NAFTA's economic arrangements among its member countries (Canada, Mexico, and the United States)?
A) There are no restrictions on the movement of labor from one country to another.
B) There are no restrictions on the movement of capital from one country to another.
C) All three countries have adopted the same identical tariff system.
D) There is free trade among the three member countries.

Question

Quizplus · Accepted Answer

NAFTA's economic arrangements among its member countries allow for free trade among Canada, Mexico, and the United States. This means that there are no tariffs or quotas on goods and services traded between the three countries. While there are some provisions in NAFTA regarding the movement of labor and capital, such as visa requirements and investment protections, these are not unrestricted. Additionally, each country maintains its own separate tariff system.

Which of the Following Statements Characterizes NAFTA's Economic Arrangements Among