ECON 7.4

The North American Free Trade Agreement (NAFTA

reduced trade barriers among the US, Canada, and Mexico

A multinational is a company that exists in more than one nation.

True

One purpose of the WTO is to develop trade agreements and enforce international trade laws.

True

Globalization is the term used to describe the emergence of a fragmented and divisive isolationist world view.

False

One goal of OPEC is to shut down the oil trade in the Middle East.

False

One result of NAFTA is a decline in trade between the nations of North America.

False