Econ 201 Exams#1 Twomey UM-D
(13 points) Before the North American Free Trade Agreement (NAFTA) gradually eliminated import tariffs on goods, the autarky price of tomatoes in Mexico as below the world price and in the U.S. it was above the world price. Similarly, the autarky price of poultry in Mexico was above the world price, and in the U.S. it was below the world price. ................
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