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 a 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 create the background for increased political stability in Mexico. The agreement led to increased investment, job growth, and economic development in Mexico, which contributed to strengthening the country's political institutions and reducing political instability. However, NAFTA did not necessarily lead to a trade surplus for all members, as some industries in each country were negatively impacted by the agreement.

Which of the Following Is a Significant Impact of the North