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Fact 7.3.1
Before 1995,trade between Canada and Mexico was subject to tariffs.In 1995,Mexico joined NAFTA and all Canadian and Mexican tariffs have gradually been removed.
-Refer to Fact 7.3.1.When Canadian tariffs are removed from a good,Canadian consumers of the good ________,and Canadian producers of the good ________.
A)gain;lose
B)gain;gain
C)lose;gain
D)lose;lose
E)and the Canadian government gain;lose

Question

Quizplus · Accepted Answer

When Canadian tariffs are removed, Canadian consumers gain because they can buy goods at lower prices, and Canadian producers lose because they face increased competition from Mexican goods, which can lead to lower sales and profits for Canadian producers.

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