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despite many negative feelings, a number of governments have decided th…

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:

Response
Question 1
Brief Explanations

To determine the example of countries reducing trade barriers through free trade, we analyze each option:

  • NAFTA (North American Free Trade Agreement) is a trade agreement between Canada, Mexico, and the U.S. that reduces trade barriers (tariffs, quotas) to promote free trade.
  • NATO (North Atlantic Treaty Organization) is a military alliance, not related to trade.
  • G20 (Group of Twenty) is a forum for economic cooperation, not a free - trade agreement.
  • GTO is not a well - known major free - trade initiative for reducing trade barriers in this context.
Brief Explanations

We analyze the economic systems of the countries:

  • The U.S. has a market - oriented economy where market forces (supply and demand) play a major role in economic decisions.
  • Cuba has a command economy, where the government makes most economic decisions.
  • The other options are incorrect: “high - income; low - income” refers to income levels, not economic institutions. “technological; shortage of technology” is about technology, not economic systems. “regulated; lack of regulation” does not accurately describe the core economic systems of the U.S. and Cuba.

Answer:

A. NAFTA

Question 2