QUESTION IMAGE
Question
market economy = limited government regulation, lower taxes *
canada
us
both
this is a required question
members of nafta/usmca *
canada
us
both
Brief Explanations
- Market economy: Both Canada and the US have market - based economies with limited government regulation (compared to command economies) and relatively lower taxes (in the context of promoting business and individual economic freedom).
- NAFTA/USMCA: The North American Free Trade Agreement (NAFTA) was between Canada, the US, and Mexico. The United States - Mexico - Canada Agreement (USMCA) replaced NAFTA and also includes Canada and the US as members.
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- Market economy: C. both
- Members of NAFTA/USMCA: C. both