Which of the following is a significant impact of the North American Free Trade Agreement (NAFTA)?
A) It led to decreased economic stability in Canada.
B) It led to a major trade deficit for Canada.
C) It helped create the background for increased political stability in Mexico.
D) It led to trade surplus for all the three member-nations.
E) It led to a reduction in purchasing power of consumers in America.

Question

Quizplus · Accepted Answer

NAFTA helped Mexico to stabilize its economy by increasing trade and investment, thereby reducing its reliance on oil exports. This, in turn, helped to improve political stability in Mexico. However, the other options are incorrect because NAFTA did not lead to decreased economic stability in Canada, major trade deficit for Canada, trade surplus for all three member nations, or a reduction in purchasing power of consumers in America.

Which of the Following Is a Significant Impact of the North