Question

chapter 19 quiz
0:29:49 remaining
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 3 (1 point)

Explanation:

Question 1

NAFTA (North American Free Trade Agreement) was a trade agreement between the US, Canada, and Mexico to reduce trade barriers (like tariffs) and promote free trade. NATO is a military alliance, G20 is a forum for economic cooperation (not focused on free - trade barrier reduction), and GTO is not a well - known free - trade - focused entity like NAFTA.

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 other options: “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 not an accurate description of the US and Cuban economic systems in terms of their core institutional types.

Answer:

A. NAFTA

Question 2