The creation of _____ can be used to explain how Ford Motor Company benefited from investing $60 million in a Mexico City manufacturing plant to produce small cars.Former attempts at such direct investment was impossible due to the number and type of existing trade barriers.
A) Mercosur
B) the European Union
C) NAFTA
D) the Uruguay Round
E) FFTA

Question

Quizplus · Accepted Answer

NAFTA (North American Free Trade Agreement) opened up trade between the United States, Canada, and Mexico by reducing trade barriers. As a result, Ford Motor Company was able to invest in a manufacturing plant in Mexico City without facing the same type of barriers that previously made such investment impossible.

The Creation of _____ Can Be Used to Explain How