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North american free trade agreement

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Question

The signing of the North American Free Trade Agreement (NAFTA) increased trade between Canada, the US, and Mexico. In particular, imports and exports of auto-related goods (including cars and auto parts) increased in the US and Canada. In other words, Canada and the US imported and exported more cars and car parts because of NAFTA. Using either the specific factors model or the Ricardian model, explain whether this pattern of trade is consistent with your chosen model. If you think it is, explain what the mechanisms in the model are that would explain this pattern. If you think it is not, explain why not, and what aspects of the model may be causing this inconsistency.

Reference no: EM133372669

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