In 1993, the debate heated up in Canda about the North American Free Trade Agreement (NAFTA), which
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In 1993, the debate heated up in Canda about the North American Free Trade Agreement (NAFTA), which proposed reducing barriers to trade (such as taxes on, or limits to, imports) among Canada, the United States, and Mexico. Some people strongly opposed the agreement, arguing that an influx of foreign goods under NAFTA would disrupt the Canadian workers out of work. How might a classical economist respond to these concerns? Would you expect a Keynesian economist to be more or less sympathetic to these concerns than a classical economist? Why?
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Macroeconomics
ISBN: 978-0134646350
8th Canadian Edition
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
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