NAFTA and Physical Policy Notes

Question 1

What does NAFTA stand for?

Answer 1

North American Free Trade Agreement

Question 2

Which countries were involved in NAFTA?

Answer 2

United States, Canada, and Mexico

Question 3

True or False: NAFTA was implemented in 1994.

Answer 3

True

Question 4

What was the primary goal of NAFTA?

Answer 4

To eliminate trade barriers between the member countries.

Question 5

Fill in the blank: NAFTA aimed to promote _____ among the three member countries.

Answer 5

economic cooperation

Question 6

Which agreement replaced NAFTA in 2020?

Answer 6

United States-Mexico-Canada Agreement (USMCA)

Question 7

What was one of the criticisms of NAFTA?

Answer 7

It led to job losses in certain sectors in the United States.

Question 8

True or False: NAFTA included provisions for labor and environmental standards.

Answer 8

True

Question 9

What is the purpose of physical policy in the context of NAFTA?

Answer 9

To manage the economic impacts of trade on infrastructure and public services.

Question 10

Which sector saw significant growth due to NAFTA?

Answer 10

Agriculture

Question 11

Multiple choice: Which of the following was NOT a provision of NAFTA? A) Tariff reduction B) Environmental regulations C) Immigration policies

Answer 11

C) Immigration policies

Question 12

What impact did NAFTA have on Mexican agriculture?

Answer 12

It increased competition and led to the modernization of the sector.

Question 13

Fill in the blank: NAFTA’s Chapter 11 provided for _____ between investors and states.

Answer 13

investor-state dispute resolution

Question 14

True or False: NAFTA resulted in increased trade among the member countries.

Answer 14

True

Question 15

What did critics argue about NAFTA’s impact on wages?

Answer 15

It suppressed wages in some industries.

Question 16

What role did the Environmental Protection Agency play in NAFTA?

Answer 16

It was involved in monitoring the environmental impacts of the agreement.

Question 17

Which was a major benefit of NAFTA for U.S. consumers?

Answer 17

Lower prices on goods due to increased competition.

Question 18

Fill in the blank: The _____ was created to address labor issues under NAFTA.

Answer 18

North American Agreement on Labor Cooperation (NAALC)

Question 19

True or False: NAFTA had no impact on foreign direct investment in North America.

Answer 19

False

Question 20

What is one way NAFTA affected the automotive industry?

Answer 20

It encouraged the integration of supply chains across borders.

Question 21

Short answer: What was a significant outcome of NAFTA for Canadian industries?

Answer 21

Increased access to the U.S. market.

Question 22

Multiple choice: Which of the following was a goal of NAFTA? A) To protect local jobs B) To increase trade C) To limit foreign investment

Answer 22

B) To increase trade

Question 23

What was a significant change in trade policy after NAFTA was implemented?

Answer 23

Reduction of tariffs on goods traded between the member countries.

Question 24

Fill in the blank: NAFTA helped to create the _____ region, which is one of the largest trading blocs in the world.

Answer 24

North American economic

Question 25

True or False: NAFTA was successful in achieving all of its intended goals.

Answer 25

False