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
nirvana33 [79]
3 years ago
13

Pls help i really need it

Social Studies
1 answer:
Harlamova29_29 [7]3 years ago
4 0

Explanation:

6 Benefits of NAFTA

1. Quadrupled Trade.

2. Lowered Prices.

3. Increased Economic Growth.

4. Created Jobs.

5. Increased Foreign Direct Investment.

6. Reduced Government Spending.

USMCA.

Quadrupled Trade

Between 1993 and 2019, trade between the three members quadrupled from $290 billion to $1.23 trillion.5 6 That boosted economic growth, profits, and jobs for all three countries.7 It also lowered prices for consumers.

. Lowered Prices

Lower tariffs also reduced import prices. That lessened the risk of inflation and allowed the Federal Reserve to keep interest rates low.

Increased Economic Growth

NAFTA boosted U.S. economic growth by as much as 0.5% a year.18 The sectors that benefited the most were agriculture, automobiles, and services.

Created Jobs

Some sources say that NAFTA exports created 5 million net new U.S. jobs.27 Most of those jobs went to 17 states, but all states saw some increases. U.S. manufacturers added more than 800,000 jobs between 1993 and 1997. Manufacturers exported $487 billion in 2014. It generated $40,000 in export revenue for each factory worker.

Increased Foreign Direct Investment

Since NAFTA was enacted, U.S. foreign direct investment (FDI) in Canada and Mexico has more than tripled to $500.9 billion. In 2017, U.S. investors poured $391.2 billion into Canada and $109.7 billion into Mexico.2524 That boosted profits for U.S. businesses by giving them more opportunities to develop and markets to explore.

Reduced Government Spending

NAFTA allowed firms in member countries to bid on all government contracts.29 That created a level-playing field for all companies within the agreement's borders. It cut government budget deficits by allowing more competition and lower-cost bids.

USMCA

Despite these advantages, the United States, Mexico, and Canada renegotiated NAFTA on Nov. 30, 2018.30 The new deal is called the United States-Mexico-Canada Agreement. (USMCA) Mexico ratified the agreement in 2019. The agreement was signed by Donald Trump on Jan. 29, 2020. Canada's Parliament ratified it on Mar. 13, 2020.

You might be interested in
What is a colony with a single owner
Levart [38]

Answer:

proprietary colony. a colony with a single owner. William Penn. famous Quaker Englishmen who owned a lot of land; present day state named after his lands

7 0
3 years ago
Which arrow represents the change of state described above?
netineya [11]
This isn’t complete
7 0
2 years ago
How does Indians form of government contrast with the governments of Pakistan and Afghanistan?
tensa zangetsu [6.8K]

India is a secular democracy; the others are not.


4 0
3 years ago
Which on is an example of a conceptual model in science
Andreas93 [3]

Answer: d

Explanation:

5 0
3 years ago
Which best explains why barbarian groups were able to weaken the Byzantine Empire?
sergey [27]

Answer:

Wealthy families competing for power with the emperor weakened the emperor's ability to rule.

6 0
3 years ago
Read 2 more answers
Other questions:
  • The effort to control, reduce, or learn to tolerate the threats that lead to stress is called
    11·1 answer
  • Dr. macleod is the chair of an institutional review board at a local university. he recently received a research proposal from d
    5·1 answer
  • Greg is 10 months old, and he refuses to crawl across the visual cliff even though his mother is encouraging him to do so. when
    15·2 answers
  • Each of the states and the federal government have statutes and regulations that prohibit unfair methods of competition. select
    14·1 answer
  • A therapist points out to her client that the client's social phobia results from irrational needs for social approval and extre
    13·1 answer
  • mark me brainly and send me a message reques then i will let you in my zoom at3;40 and my iig and face reval
    14·1 answer
  • What are the advantages of a group (Congress) vs. an individual (the President) when it comes to setting policy? What are the di
    5·1 answer
  • When did George Washington die?
    6·2 answers
  • Which of the following is an example of how your environment can contribute to obesity?
    6·1 answer
  • Do you think there is life in outer space?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!