Chapter 38 - Assignment 2: Free Trade Area of the Americas
Visit the home page of the Free Trade Area of the Americas.
- Describe the proposal for a Free Trade Area of the Americas.
- What is the relationship between the proposed Free Trade Area of the Americas and NAFTA?
- Based on the discussion on pp. 989-991 of your text, discuss how the creation of a Free Trade Area might result in both trade diversion and trade creation. Why is trade diversion a less efficient outcome?
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