1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anuta_ua [19.1K]
3 years ago
12

How did the North American Free Trade Agreement (NAFTA) benefit the US economy?

History
2 answers:
LenKa [72]3 years ago
7 0

The NAFTA agreement benefits the US economy because it creates a free trade zone that comprises the territories of the US, Canada and Mexico. Outside the US borders but inside this zone, US products compete in equal conditions with the domestic production respectively in the Canadian and Mexican markets, enhancing US exports and total GDP.

Moreover, it also allows products from these two countries to enter the US markets and to compete in equal conditions with the domestic producers, which at first might be regarded as a drawback but it is not, because stronger competition forces US producers to keep on investing money on innovation and improvements in order to beat their rivals and attract consumers. Through this process, competition leads to more efficient industries which are able to produce at a lower cost. Finally, consumers are benefited too because they can acquire products at a cheaper market price.

Zigmanuir [339]3 years ago
4 0

Answer:

(B) NAFTA boosted exports of electronic goods.

Explanation:

You might be interested in
What can we learn about the limited freedoms during the McCarthy era?
poizon [28]
The McCarthy Era was one of great paranoia in the UN regarding Communism and its spread. Thousands of false accusations were made and people were detained for no reason. 
7 0
3 years ago
What are two domestic acts Lincoln is credited with during his presidency?
masha68 [24]
The two domestic acts that Lincoln is credited with during his presidency are the Homestead Act and the Second Kansas Nebraska Act. 
4 0
3 years ago
Read 2 more answers
Should people change their way of prejudice or continue to oppress society’s minorities?
Romashka [77]

Answer:

People must change prejudices because prejudice is not a characteristic of social justice, and it also causes society’s hatred of others and the spread of corruption.

4 0
3 years ago
Which are characteristics of China? Select three answers.
FinnZ [79.3K]

- It had foreign spheres of influence.

- It failed to institute reforms.

- It avoided modernization.

I hope this helps :)

5 0
2 years ago
Read 2 more answers
What happened on December 7,1941<br><br> (ww2)
Eduardwww [97]

Answer:

On December 7, 1941, Japanese planes attacked the United States Naval Base at Pearl Harbor , Hawaii Territory, killing more than 2,300 Americans.

Explanation:

so basically the attack on pearl harbor

6 0
3 years ago
Other questions:
  • By signing the SALT Agreement, the United States and the Soviet Union agreed to __________. Select one of the options below as y
    8·1 answer
  • The people from Asia who first migrated to the Americas came here by crossing the:
    13·2 answers
  • Why was expanding the u.s. was a good thing?
    10·2 answers
  • How do these lines of "The Battle of Dorking" catch a reader's attention?
    12·1 answer
  • In the first half of the 20th century, most immigrants came to the United States from European countries. How did the pattern of
    9·1 answer
  • Looking back at our Essential Questions, one of the questions was - Is there any evidence from this time period to support the c
    9·1 answer
  • What city in Texas gets its name from the Spanish word yellow
    14·1 answer
  • What was the Stamp Act? a means of making colonial post offices profitable a British restriction on colonists moving west a tax
    15·2 answers
  • The coercive or intolerable acts were passed in response to ​
    6·2 answers
  • What was the effect of Reagan's aggressive campaign against rogue regimes, particularly in the Middle East?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!