Between the Countries of Canada and the U.S, Describe the patterns of trade graphically or in a
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Question:
Between the Countries of Canada and the U.S,
Describe the patterns of trade graphically or in a written form- Describe the degree of economic integration in the region.
- Define a free trade area, and apply that to Canada and the U.S
- Using the two countries stated previously, apply the factor-endowment model of trade to the expected trade patterns.
- external economies of scale will affect the countries. Like what industries will be affected and how.
- Discuss recent changes in trade policy for the area
- Discuss the role international trade has played in the economic development of countries in the region.
- Apply the criteria for an optimum currency area to the region.
Expert Answer:
Trade patterns between Canada and the US can be graphically represented by a high ... View the full answer
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