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Trade Agreement (NAFTA) - It Is Coming Into Being A Period When Free Trade and

Countries with different cultures, histories and economies can effectively enter trade agreements because the movement of people globally creates cultural goods and services that satisfy needs, and cultural production can provide economic advantages. One regional agreement discussed was NAFTA, which reduced tariffs and trade barriers between the US, Canada and Mexico to create a free trade zone allowing companies to benefit from transfers of goods.

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48 views1 page

Trade Agreement (NAFTA) - It Is Coming Into Being A Period When Free Trade and

Countries with different cultures, histories and economies can effectively enter trade agreements because the movement of people globally creates cultural goods and services that satisfy needs, and cultural production can provide economic advantages. One regional agreement discussed was NAFTA, which reduced tariffs and trade barriers between the US, Canada and Mexico to create a free trade zone allowing companies to benefit from transfers of goods.

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Less Balesoro
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BALESORO, JOHN LESTHER S.

FIN183

TAKE HOME QUIZ NO.2


1. Can countries with different culture, history and economies EFFECTIVELY enter a trade
agreement? Why? Absolutely yes, because it involves people moving from one place
to another around the world that creates or produced a cultural goods or services
that satisfy the needs of individuals and the community. And there can be an
economic advantage gained through cultural production.

2. Choose one regional trade agreement we discussed in lesson 4. What were the results of
that agreement? One of the regional trade agreements is the North American Free
Trade Agreement (NAFTA). It is coming into being a period when free trade and
trading blocs were popular and positively perceived. The results or the main
purpose of NAFTA is to reduce tariff’s and trade barriers to create a free trade
zone where companies can benefit from the transfers of goods.

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