Prof. Branch Your economic consulting firm was again hired by the President, this time to provide economic analysis of the consequences of international trade. Background: guided discussion The President is concerned about the U.S. trade deficit with other countries, especially China and Mexico. He would like to understand the following issues: (a) Illustrate what determines trade flows for a product. (b) Who are the winners and losers from trade? (c) How is NAFTA and other free trade agreements responsible for stagnating middle class incomes