After becoming part of the North American Free Trade Agreement (NAFTA) in 1994, Mexico:

A. experienced a significant increase in labor costs.
B. was able to take advantage of the U.S. market.
C. exhibited significant economic stability.
D. experienced a tremendous increase in transportation costs.


Answer: B

Business

You might also like to view...

Which of the following would be considered a reason for adopting strategic management and strategic planning?   

A. To enhance employee loyalty. B. To keep corporate taxes at a minimum. C. To develop independent work from the staff. D. To provide develop a sustainable competitive advantage. E. To increase market dominance with repeat purchase.

Business

By forming a limited liability partnership (LLP), the personal assets of partners not involved in wrongdoing by other members of the firm will be sheltered from malpractice claims against the firm.

Answer the following statement true (T) or false (F)

Business

Which of the following is not one of the four main methods advertisers use to behaviorally target ads?

A. Nielsen ratings B. data collected from social networks C. integration of online data with offline data D. clickstream data

Business

A short-term note payable is a written promise to pay a specified amount on a stated future date within five years or the operating cycle, whichever is more reasonable. 

Answer the following statement true (T) or false (F)

Business