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What is NAFTA, and what have been its effects to date? 50 words Suppose that the...

What is NAFTA, and what have been its effects to date? 50 words

Suppose that the U.S. government imposes quota on cheese imported form Europe . Who would likely be helped and hurt?

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Answer #1

Explanation:

NAFTA is North American Free Trade Agreement between US, Canada and Mexico, making it worlds largest free trade agreement.

  • NAFTA has booster US economy output and growth.
  • IT has increase the trade between Canada and Mexico.
  • It has created many jobs in US.
  • NAFTA has increased FDI in Canada and Mexico.
  • It has lowered the wage rates in US labor market.

If US impose quota on Cheese import the US will benefit from it, as US itself stand in top list of cheese exporter and Europe will have to suffer.

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