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Suppose that Mexico and Canada form a free-trade area. Mexicans then decrease auto manufacturing and increase imports of autos form Canada,whiletheCanadiansdecreasecomputerproductionandimportmorecomputersfromMexico.Thisisanexampleof:
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IftheUnitedStatesandCanadaabolishalltariffsoneachother'sgoodsandimplementacommontariffongoodsimportedfromother countries,thereoccursa(an):
Suppose that the United Kingdom and Italy abolish all traiffs on each other's goods and all restrictions on movements of factors of prodoction between them. They also implement a common protectionist policy toward other countries. This is an example of a (an):
The North American Free Trade Agreement was excepted to benefit____themost.
The North American Free-Trade Agreement was most strongly opposed by U.S.:
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