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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:

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Georgia has had ten different constitutions in its history. Prior to having a formal constitution, a document entitled Rules and Regulations of the Colony of Georgia, drafted in 1776, was in effect. A year later, in 1777, the first formal constitution was drafted, followed by the constitutions of 1789, 1798, 1861 (after joining the Confederate States of America), 1865, 1868, 1877, 1945, 1976, and 1983.All constitutions up until 1945 were drafted by constitutional convention.That year, Governor Ellis Arnall appointed a twenty-three member commission, composed of all three branches of government, to write a new constitution.
To perpetuate the principles of free government, insure justice to all, preserve peace, promote the interest and happiness of the citizen and of the family, and transmit to posterity the enjoyment of liberty, we the people of Georgia, relying upon the protection and guidance of Almighty God, do ordain and establish.
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Constitution of 1983 Edit
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The United States Constitution has served as the supreme law of the United States since taking effect in 1789. The document was written at the 1787 Philadelphia Convention and was ratified through a series of state conventions held in 1787 and 1788. Since 1789, the Constitution has been amended twenty-seven times; particularly important amendments include the ten amendments of the United States Bill of Rights and the three Reconstruction Amendments.
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