Professor Daniel Trefler at the University of Toronto concluded that Canada ________ from free trade with the United States because _______________.

a. gained; trade creation exceeded trade diversion with the United States
b. lost; trade diversion exceeded trade creation with the United States
c. first gained, then lost; trade diversion exceeded trade creation after NAFTA was fully implemented
d. neither gained nor lost; trade creation equaled its trade diversion with the United States

Answer: a. gained; trade creation exceeded trade diversion with the United States

Economics

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