Redraw the graph of trade diversion (Figure 11-3) with the SMex curve intersecting the MUS curve between

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Redraw the graph of trade diversion (Figure 11-3) with the S′Mex curve intersecting the MUS curve between points A and D.

a. When the United States and Mexico join NAFTA, who supplies auto parts to the United States? Does the United States import a larger quantity of auto parts after NAFTA; that is, does trade creation occur?

b. What is the change in government revenue compared with before NAFTA?

c. Is the United States better off for joining NAFTA?

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International Trade

ISBN: 9781429278447

3rd Edition

Authors: Robert C. Feenstra, Alan M. Taylor

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Question Posted: Nov 11, 2024 06:00 AM

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Redraw the graph of trade diversion (Figure 11-3) with the SMex curve intersecting the MUS curve between

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International Trade

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