Question

despite many negative feelings, a number of governments have decided that reducing barriers to trade is at least potentially beneficial to their economy. which of the following is an example of countries reducing barriers through free trade?
nafta
nato
g20
gto
question 2 (1 point)
listen
countries have strong differences in economic institutions: the u.s. is extremely ______. cuba has a ______ and canada is a mixture of both.
high - income; low - income
technological; shortage of technology
market - oriented; command economy
regulated; lack of regulation

Explanation:

1. NAFTA (North American Free Trade Agreement) was a treaty that eliminated most trade barriers between the U.S., Canada, and Mexico, fitting the definition of a free trade initiative. NATO is a military alliance, G20 is a forum for economic cooperation, and GTO is not a relevant trade-focused entity.
2. The U.S. has a primarily market-oriented economic system where private enterprise drives most activity. Cuba operates a command economy, where the central government controls most economic planning and production. Canada combines elements of both market-driven activity and government intervention, matching the description.

Answer:

1. A. NAFTA
2. C. market-oriented; command economy