Excerpt from President Bill Clinton's Remarks at the Signing of the North American Free Trade Agreement (NAFTA) Implementation Act, 1993:
"We must face the challenge of this new global economy... NAFTA is a key part of our strategy to make this global economy work for us. By lowering trade barriers with our neighbors, we will create high-wage jobs for American workers and expand markets for our goods."
Based on the passage and your knowledge of United States history, which of the following was a primary objective of the United States in participating in international trade agreements during the 1990s?
- To lower barriers to trade and integrate the nation's economy more closely with global marketsCevap
- BTo implement supply-side tax cuts and deregulate domestic industries to encourage production
- CTo return to mercantilist trade policies to limit imports and protect domestic manufacturing
- DTo establish military alliances to contain the geopolitical expansion of communist powers
Cevap
To lower barriers to trade and integrate the nation's economy more closely with global markets
The correct answer is correct because the North American Free Trade Agreement (NAFTA) was designed to reduce trade barriers and tariffs between the United States, Canada, and Mexico, facilitating greater economic globalization and integration.
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Anahtar Kavram
Economic Globalization and Free Trade Agreements
Tahmini Süre:45s