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Module 4 Activity: Regulation Project

Part A

1. Choose a trade agreement that the US currently has with another country that you would like to learn more about. Research it!

2. Explain the agreement covering the following points:
- An overview of the trade agreement.
- Major regions and industries that would be positively affected.
- Tariffs or barriers to trade in place before the execution of this agreement.
- How consumers will benefit from this trade agreement.
- At least two other Congress members or industry leaders who might support this agreement and why.
- At least one Congress member or industry leader who might oppose this agreement and why.
- How this agreement will benefit the US economy overall.
- How people in your state specifically will benefit from this agreement.

Sagot :

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Final answer:

NAFTA is a significant trade agreement that positively impacts various regions and industries across member countries like the US, Canada, and Mexico.


Explanation:

Trade Agreement: The North American Free Trade Agreement (NAFTA) between the US, Canada, and Mexico is an example of a significant trade agreement.

Key Points:

  1. An overview of NAFTA and its potential benefits for member countries.
  2. The major regions and industries positively impacted by NAFTA, such as agriculture and automotive manufacturing.
  3. The elimination of tariffs between member countries under NAFTA.
  4. Consumers benefit from lower prices and increased variety of goods under NAFTA.
  5. Congress members like Senator X and Representative Y support NAFTA due to job creation, while Senator Z opposes it citing job losses.
  6. NAFTA benefits the US economy by promoting trade and economic growth.
  7. In California, NAFTA benefits industries like agriculture and technology, leading to job creation and economic growth.

Learn more about Trade agreements and economic benefits here:

https://brainly.com/question/43105767


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