WGU D080 Exam UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS
Effects of NAFTA - CORRECT ANSWER Overall economic benefit to Mexico. Lower
poverty rates, increases in wages. Benefits however were concentrated up North only. US's trade
w/Canada up 129% and with others up 123%.
More low-skilled labor in US.
USMCA - CORRECT ANSWER New "NAFTA": agreement between U.S, Mexico, and
Canada aimed to make fairer trades between the U.S and its neighbors
to protect and enforce IP rights, automobiles must have 75% of components manufactured in US,
Mexico, or Canada to be tariff free, 40-45% of auto parts must be made by workers earning $16/hr.,
Canadian dairy market more open to American farmers, expiration in 16 years, review every 6.
Central America Free Trade Agreement (CAFTA-DR) - CORRECT ANSWER U.S., Costa
Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, too small for Trump to
notice. U.S. exports a ton to these countries
Mercosur Mercado Común del Sur - CORRECT ANSWER Brazil, Argentina, Uruguay,
Paraguay. Paraguay and Venezula suspended for lack of commitment to democracy. Nearly half of
Latin American wealth, 40% of population. Political and economic goals
Example of Customs Union- unified policy for trade with nonmembers
Association of Southeast Asian Nations (ASEAN) - CORRECT ANSWER Malaysia, Thailand,
Indonesia, Singapore, and the Philippines. Since its inception, Myanmar (Burma), Vietnam,
Cambodia, Laos, and Brunei have joined the association. economic, social, cultural, and technical
cooperation as well as on promoting regional peace and stability.
COMESA - CORRECT ANSWER Common Market for Eastern and South Africa The primary
advantage for workers is that they no longer need a visa or work permit to work in another member
country
Negative outcome of globalization - CORRECT ANSWER Isolationist policies
QUESTIONS AND CORRECT ANSWERS
Effects of NAFTA - CORRECT ANSWER Overall economic benefit to Mexico. Lower
poverty rates, increases in wages. Benefits however were concentrated up North only. US's trade
w/Canada up 129% and with others up 123%.
More low-skilled labor in US.
USMCA - CORRECT ANSWER New "NAFTA": agreement between U.S, Mexico, and
Canada aimed to make fairer trades between the U.S and its neighbors
to protect and enforce IP rights, automobiles must have 75% of components manufactured in US,
Mexico, or Canada to be tariff free, 40-45% of auto parts must be made by workers earning $16/hr.,
Canadian dairy market more open to American farmers, expiration in 16 years, review every 6.
Central America Free Trade Agreement (CAFTA-DR) - CORRECT ANSWER U.S., Costa
Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, too small for Trump to
notice. U.S. exports a ton to these countries
Mercosur Mercado Común del Sur - CORRECT ANSWER Brazil, Argentina, Uruguay,
Paraguay. Paraguay and Venezula suspended for lack of commitment to democracy. Nearly half of
Latin American wealth, 40% of population. Political and economic goals
Example of Customs Union- unified policy for trade with nonmembers
Association of Southeast Asian Nations (ASEAN) - CORRECT ANSWER Malaysia, Thailand,
Indonesia, Singapore, and the Philippines. Since its inception, Myanmar (Burma), Vietnam,
Cambodia, Laos, and Brunei have joined the association. economic, social, cultural, and technical
cooperation as well as on promoting regional peace and stability.
COMESA - CORRECT ANSWER Common Market for Eastern and South Africa The primary
advantage for workers is that they no longer need a visa or work permit to work in another member
country
Negative outcome of globalization - CORRECT ANSWER Isolationist policies
