Questions: How did the North American Free Trade Agreement (NAFTA) benefit the US economy? A. NAFTA raised the prices of luxury goods. B. NAFTA boosted exports of electronic goods. C. NAFTA helped the United States join OPEC D. NAFTA introduced American restaurant chains in Asia.

How did the North American Free Trade Agreement (NAFTA) benefit the US economy?
A. NAFTA raised the prices of luxury goods.
B. NAFTA boosted exports of electronic goods.
C. NAFTA helped the United States join OPEC
D. NAFTA introduced American restaurant chains in Asia.
Transcript text: How did the North American Free Trade Agreement (NAFTA) benefit the US economy? A. NAFTA raised the prices of luxury goods. B. NAFTA boosted exports of electronic goods. C. NAFTA helped the United States join OPEC D. NAFTA introduced American restaurant chains in Asia.
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Solution

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The answer is B: NAFTA boosted exports of electronic goods.

Explanation for each option:

A. NAFTA raised the prices of luxury goods. - This is incorrect. NAFTA was designed to reduce trade barriers between the United States, Canada, and Mexico, which generally leads to lower prices for goods due to increased competition and efficiency, not higher prices.

B. NAFTA boosted exports of electronic goods. - This is correct. NAFTA facilitated trade by eliminating tariffs and other trade barriers, which helped increase the export of various goods, including electronic goods, from the United States to Canada and Mexico.

C. NAFTA helped the United States join OPEC. - This is incorrect. OPEC (Organization of the Petroleum Exporting Countries) is an organization of oil-producing countries, and the United States is not a member. NAFTA is a trade agreement and has no connection to OPEC membership.

D. NAFTA introduced American restaurant chains in Asia. - This is incorrect. NAFTA is a trade agreement between the United States, Canada, and Mexico, and it does not directly involve Asian countries or the introduction of American restaurant chains in Asia.

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