1 The U S has committed itself to creating a free trade zone between the US, Canada and Mexico Why might this be important? Relative to imports and exports to other nations, what is the size of these...

1 The U S has committed itself to creating a free trade zone between the US, Canada and Mexico Why might this be important? Relative to imports and exports to other nations, what is the size of these two North American trading partners trade relationship with the US?

2 What is the law of comparative advantage, and why is it important in international trade?

3 How do subsidies distort trade patterns and lead to inefficiencies?