Chapter 24 - Assignment 2: Free Trade Area of the Americas

Visit the home page of the Free Trade Area of the Americas.

  1. Describe the proposal for a Free Trade Area of the Americas.
  2. What is the relationship between the proposed Free Trade Area of the Americas and NAFTA?
  3. Based on the discussion on pp. 629-631 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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