Question

chapter 19 quiz
0:29:49 remaining
despite many negative feelings, a number of governments have
decided that reducing barriers to trade is at least potentially
beneficial to their economy. which of the following is an example
of countries reducing barriers through free trade?
nafta
nato
g20
gto
question 2 (1 point)
listen
countries have strong differences in economic institutions: the
u.s. is extremely __________, cuba has a
__________ and canada is a mixture of both.
high - income; low - income
technological; shortage of technology
market - oriented; command economy
regulated; lack of regulation
question 3 (1 point)

Explanation:

Question 1

NAFTA (North American Free Trade Agreement) was an agreement between Canada, Mexico, and the United States to reduce trade barriers (like tariffs) and promote free trade. NATO is a military alliance, G20 is a forum for economic cooperation, and GTO is not a major free - trade - focused agreement like NAFTA.

The U.S. has a market - oriented economy where market forces (supply and demand) play a large role in economic decisions. Cuba has a command economy, where the government makes most of the economic decisions regarding production, distribution, etc. The other options do not correctly describe the economic institutional differences between these countries.

Answer:

A. NAFTA

Question 2