Question: Over recent months, preferential trade agreements such as the EU-Canada Comprehensive Economic and Trade Agreement (CETA), the Transatlantic Trade and Investment Partnership (TTIP) between the

Over recent months, preferential trade agreements such as the EU-Canada Comprehensive Economic and Trade Agreement (CETA), the Transatlantic Trade and Investment Partnership (TTIP) between the EU and US, or the Trans-Pacific Partnership (TPP) among twelve Pacific Rim countries have come under severe scrutiny by the public.

a.Explain the advantages of international trade.

b.Discuss the expected advantages of either CETA, TTIP, or TPP (choose one) and the concerns that have been raised against it.

c.Why is it so difficult to estimate the magnitude of the costs and benefits of such agreements?

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