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1- Describe the similarities and differences between a free trade area, a customs union, a common market, and an economic union. Provide an example of

1- Describe the similarities and differences between a free trade area, a customs union, a common market, and an economic union. Provide an example of each and make sure to include advantages and disadvantages of these agreements.

2- Given the recent passage of the USMCA, how does this differ from the previous NAFTA and what are the advantages of both for North America?

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