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Question
- it does not choose toward any countrys trade?
- what is the purpose of trade agreements like nafta and usmca?
- to increase taxes on imported goods
- to prevent companies from outsourcing jobs
- to raise wages for workers in all countries
- to make it easier for members to trade and move factories across borders
- which of the following is a downside of global trade and outsourcing?
- it always increases prices for consumers
- it can keep wages low and workers in poverty
- it reduces global trade
- it prevents foreign companies from opening factories
For Question 4:
NAFTA (now USMCA) are free trade agreements between North American countries. Their core goal is to reduce trade barriers, making it easier for businesses to operate and move production across borders, not increase taxes, prevent outsourcing, or set uniform wages.
For Question 5:
Globalization and outsourcing can lead to companies moving production to countries with weaker labor/property protections, which is a key downside. It does not always raise consumer prices, reduce global trade, or prevent foreign companies from operating locally.
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- To make it easier for companies to move and move factories across borders
- It can keep wages low and workers unprotected