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A) Summarize the benefits of the Canada-US Free Trade Agreement to Canada and the USA. B) As a result of the pandemic trade volumes between

A) Summarize the benefits of the Canada-US Free Trade Agreement to Canada and the USA.

B) As a result of the pandemic trade volumes between Canada and the U.S. have been significantly reduced. Discuss the implication of this for the welfare of producers and consumers. Assume that the demand for goods in Canada will recover faster than trade volumes.

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