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
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
Question 1
NAFTA (North American Free Trade Agreement) is a free - trade agreement that aimed to reduce trade barriers between the US, Canada, and Mexico. NATO is a military alliance, G20 is a forum for economic cooperation among major economies (not a free - trade agreement - reducing - barriers - through - free - trade example like NAFTA), and GTO is not a well - known free - trade - related entity for this context.
The US has a market - oriented economic system where market forces play a large role in economic decisions. Cuba has a command economy where the government makes most of the economic decisions. The other options don't fit: the US isn't defined by just "high - income" (and Cuba isn't just "low - income" in terms of economic system type), the US isn't defined by "technological" as an economic system type (and Cuba doesn't have a "shortage of technology" as an economic system), and the US isn't "regulated" in the sense of a command economy (and Cuba doesn't have a "lack of regulation" as an economic system type).
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A. NAFTA