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3 years ago

Select all the descriptions of NAFTA that are true.

2 answers:

8 0

The best and most correct answer among the choices provided by the question are the following:

<span>a trade bloc between Canada, U.S., and Mexico
a trade organization that equally benefits all nations
an agreement to only buy goods from the countries involved</span>
Hope my answer would be a great help for you. If you have more questions feel free to ask here at Brainly.

xxTIMURxx [149]3 years ago

4 0

Answer:

1) A trade bloc between Canada, U.S., and Mexico

2) An organization to lower tariffs

3) A trade organization that equally benefits all nations

Explanation:

The North American Agreement for Free Trade is a trade block between the USA, Canada, and Mexico. NAFTA provides lower tariffs for its members but unlike the European Union that grants free access for Mexican citizens to Canada, and the USA, and vice versa North American workers from the US, Canada and Mexico do not have free access to these countries. In addition to this, it does not restraint the purchases for its members.

In the following years since the NAFTA pact was implemented, the US has exported much more to Canada and Mexico. And Mexico benefited from being a lower cost place for new plants, especially for huge American and Canadian Companies.

Therefore, it's 1,2 and 3.

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If the quantity supplied is the same regardless of price then the supply curve would be:___________

Eva8 [605]

Answer:

perfectly inelastic

Explanation:

A supply of the product is considered to be perfectly inelastic in situations whereby the changes in the price of a commodity do not affect the quantity supplied, then such a supply curve is termed as perfectly inelastic. It is often depicted as a vertical line at the quantity supplied against all the prices in a graphical representation form.

Hence, If the quantity supplied is the same regardless of price then the supply curve would be: PERFECTLY INELASTIC

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3 years ago

What type of inventory management systems deliver the precise number of parts

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"Just in time" systems.

Just in time inventory management systems deliver the exact amount of parts or raw materials to be assembled into the finished product precisely when they are needed, not before and not after. The goal is maximum <em>efficiency</em>.

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3 years ago

In the market clearing price,

Semenov [28]

Answer:

B) the supply by sellers meets the demand from buyers.

Explanation:

The market clearing price is also called the equilibrium price. At the equilibrium price for a given product or service, both the quantity supplied by the suppliers and the quantity demanded by the consumers is EQUAL. In a supply and demand curve, the equilibrium price is where both curves meet.

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3 years ago

Real gdp grows when labor productivity _______ or when aggregate hours _______.

gogolik [260]

The correct answer would be D

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2 years ago

Suppose that electricity producers create a negative externality equal to $6 per unit. Further suppose that the government impos

Komok [63]

Answer:

b. The after-tax equilibrium quantity is less than the socially optimal quantity

Explanation:

Negative externality is when the cost of either production or consumption activities to third parties exceeds its benefits.

An example of an activity that generates negative externality is pollution.

One way to reduce externality is through taxation.

The amount of negative externality generated is $6 but the amount of tax imposed is $8. The tax would reduce equilibrium quantity by $8 while the amount of negative externality produced is $6.

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3 years ago