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 question 2 (1 point) 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

Explanation:

Question 1

To determine the example of countries reducing trade barriers through free trade, we analyze each option:

• NAFTA (North American Free Trade Agreement) was a trade agreement between Canada, Mexico, and the US to reduce trade barriers (tariffs, quotas) and promote free trade.
• NATO (North Atlantic Treaty Organization) is a military alliance, not related to trade.
• G20 is a forum for international economic cooperation, not a free - trade agreement - based entity for reducing trade barriers.
• GTO is not a well - known entity for free trade (the General Agreement on Tariffs and Trade - GATT was a predecessor to WTO, but GTO as an option here is incorrect in this context). So NAFTA is the correct example.

We analyze the economic systems of the countries:

• The US has a market - oriented economy where economic decisions are driven by market forces (supply and demand).
• Cuba has a command economy where the government makes most economic decisions.
• The option "high - income; low - income" refers to income levels, not economic institutions. "technological; shortage of technology" is about technology, not economic systems. "regulated; lack of regulation" is incorrect as the US economy is market - oriented (not just about regulation) and Cuba has a command economy (not about lack of regulation). So the correct pair is market - oriented and command economy.

Answer:

A. NAFTA

Question 2