NAFTA and USMCA Quiz

What was the cost of a 1993 Chevy Suburban when it was brand new?

• $65,000

• $47,000

• $42,000

• $21,000

What was the cost of a 2018 Chevy Suburban when it was brand new?

• $65,000

• $47,000

• $42,000

• $21,000

What was the purpose of NAFTA when it was implemented?

• To increase illegal immigration

• To eliminate tariffs on imported goods

• To increase investments

• To strengthen the US economy

What percentage of a car's parts needed to be sourced from North America to be tariff-free under NAFTA?

• 80%

• 50%

• 62.5%

• 75%

What is the proposed percentage of North American sourced parts required under USMCA for a car to be tariff-free?

• 75%

• 60%

• 65%

• 70%

What is the proposed minimum wage requirement for workers making car parts under USMCA?

• $10 per hour

• $16 per hour

• $12 per hour

• $14 per hour

How many cars sold today that aren't taxed under NAFTA wouldn’t qualify under the proposed USMCA regulations?

• 40-50 cars

• 30-40 cars

• 20-30 cars

• 10-20 cars

What could be the potential impact of USMCA on the prices of cars in the US?

• Prices could go down

• Prices could fluctuate

• Prices could remain the same

• Prices could go up