QUESTION IMAGE
Question
what was one effect of the 1993 north american free trade agreement?
a north america became the worlds largest free trade area.
b the establishment of a common currency for north america.
c u.s. citizens accessed a narrower variety of higher - priced goods.
d the agreement stimulated less economic growth than anticipated.
Brief Explanations
- Option A: The North American Free Trade Agreement (NAFTA) in 1993 created a free - trade area among the United States, Canada, and Mexico, making North America the world's largest free - trade area at that time.
- Option B: A common currency for North America was never established by NAFTA. The euro is a common currency in the European Union, and North America has no such common currency.
- Option C: NAFTA was expected to increase the variety of goods available to U.S. citizens and also lead to lower prices due to increased competition and trade, not a narrower variety of higher - priced goods.
- Option D: NAFTA generally stimulated significant economic growth, and the idea that it stimulated less growth than anticipated is not an accurate description of one of its main effects.
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A. North America became the world's largest free trade area.