NAFTA Impacts and Effects

The video tutorial, presented by Jordan Carlson and Colby Monkey Tequila, provides an overview of the North American Free Trade Agreement (NAFTA), implemented in 1994. It discusses the objectives of NAFTA, such as eliminating trade barriers and promoting investment among the US, Canada, and Mexico. The video highlights the economic benefits, including increased trade and foreign direct investment, while also addressing drawbacks like job losses in certain US industries and environmental concerns. The presentation concludes with a brief look at the future of NAFTA.

What year was NAFTA implemented?

• 1994

• 1992

• 1998

• 1996

Which countries are part of NAFTA?

• USA, Mexico, Brazil

• USA, Canada, Mexico

• USA, Canada, Brazil

• Canada, Mexico, Brazil

What is the Most Favoured Nation treatment?

• A country receives the highest tariffs

• A country receives beneficial trade terms

• A country is given exclusive trade rights

• A country is excluded from trade agreements

How much did trade between the three NAFTA countries increase since its inception?

• From 100 billion to 500 billion

• From 500 billion to 2 trillion

• From 297 billion to 1.14 trillion

• From 200 billion to 1 trillion

Which sector saw a significant increase in exports due to NAFTA?

• Textiles

• Technology

• Pharmaceuticals

• Agriculture

What is one advantage of NAFTA mentioned in the video?

• Decreased foreign direct investment

• Increased foreign direct investment

• Decreased job opportunities

• Increased tariffs

How did NAFTA affect US manufacturing jobs?

• Increased jobs in the US

• Decreased jobs in the US

• No impact on jobs

• Created new industries

What environmental issue was exacerbated by NAFTA?

• Increased water pollution

• Increased soil erosion

• Increased deforestation

• Increased air pollution

Which US states were affected by job losses due to NAFTA?

• New York, Florida, Illinois

• California, Nevada, Arizona

• New York, California, Michigan, Texas

• Florida, Texas, Ohio

What was one negative impact of NAFTA on Mexican farmers?

• Increased land ownership

• Increased crop prices

• Decreased land ownership

• Decreased crop prices