Asked by
Zainub Chaudhri
on Oct 13, 2024
Verified
Since the formation of NAFTA,our trade deficit with Mexico has gone ___________ and our trade deficit with Canada has gone ___________.
A) up,up
B) down,down
C) up,down
D) down,up
Trade Deficit
A situation where a country's imports of goods and services exceed its exports, reflecting a negative balance of trade.
NAFTA
The North American Free Trade Agreement, a treaty between the United States, Canada, and Mexico that aimed to reduce trading barriers.
Mexico
A country in the southern portion of North America, known for its rich cultural heritage, diverse landscapes, and significant contributions to art, cuisine, and music.
- Investigate the consequences of trade agreements on the trade balances with individual countries.
Verified Answer
EC
Learning Objectives
- Investigate the consequences of trade agreements on the trade balances with individual countries.