Multiple Choice
Given the fact that NAFTA is now effective in the U.S., Mexico, and Canada, an American company that has its production plant in Sri Lanka will be willing to relocate its production plant to Mexico mostly because
A) it will improve the image of its goods.
B) Mexico has lower wages than Sri Lanka.
C) it will enable the company to get an entirely western consumer base for its products.
D) moving finished goods from Mexico to the United States is cheaper and faster than moving them from Sri Lanka.
E) workers in Mexico are more skilled than those in Sri Lanka.
Correct Answer:

Verified
Correct Answer:
Verified
Q13: The three members of the North American
Q14: Newly industrialized countries (NICs) differ from less-developed
Q15: What is an indicator of a country's
Q16: Explain the importance of time zones for
Q17: Explain the concept of economic development.
Q19: The United States-Canada Free Trade Area (CFTA)
Q20: What is the second-largest common-market agreement in
Q21: More household money goes for _ in
Q22: Mercosur is the largest common-market agreement in
Q23: According to the United Nations' stages of