What is the name of the tariff-reducing pact that makes it easier for producers to manufacture and distribute products between the countries shown in the image?
a)
european union (eu)
b)
north atlantic treaty organization (nato)
c)
north american free trade agreement (nafta)
d)
organization for economic co-operation and development (oecd)

The correct answer is:

C. North American Free Trade Agreement.

Explanation:

The North American Free Trade Agreement also known as NAFTA came into action in 1994 and eliminated trade barriers and restrictions creating a trilateral block between Mexico, United States and Canada (the countries shown in the image), and created investment opportunities in all three countries. NAFTA was renegotiated in 2018 to be replaced with a new trade agreement called The United States-Mexico-Canada Agreement, which must be ratified before 2020 to replace NAFTA.

The advantages and disadvantages of NAFTA had been very controversial, mainly because manufacturing jobs are cheaper at Mexico, so industries from the United States migrated, leading to lower pays for workers and exploitation from Mexican manufacturers. The benefits from NAFTA include lower prices from products because of their lower cost of producing them, and cheaper imported oil from Canada and Mexico.

my cultural heritage consists of irish, german, native american, and others.

the correct answer to your question is c the factory goes out of business, causing the workers to lose their jobs.

explanation: