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

Question

Quizplus · Accepted Answer

According to Professor Daniel Trefler at the University of Toronto, Canada gained from free trade with the United States because trade creation (creation of new trade between the two countries) exceeded trade diversion (diversion of existing trade from other countries to the United States).

Professor Daniel Trefler at the University of Toronto Concluded