QUESTION IMAGE
Question
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
Brief Explanations
To solve this, we analyze each option:
- NAFTA (North American Free Trade Agreement) is a free - trade agreement between Canada, Mexico, and the United States, aimed at reducing trade barriers among these countries.
- NATO (North Atlantic Treaty Organization) is a military alliance, not related to free - trade and reducing trade barriers.
- G20 (Group of Twenty) is an international forum for economic cooperation, not a free - trade agreement focused on reducing trade barriers between specific countries.
- GTO is not a well - known free - trade agreement example for reducing trade barriers in the context of this question (the General Agreement on Tariffs and Trade (GATT) was a precursor to the WTO, and GTO is not a standard free - trade agreement example like NAFTA here).
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A. NAFTA