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Fact 15.3.1
Before 1995, trade between Canada and Mexico was subject to tariffs.In 1995, Mexico joined NAFTA and all Canadian and M tariffs have gradually been removed.
-Refer to Fact 15.3.1.When Canadian tariffs are removed from a good, Canadian consumers of the good _______ and Canadian producers of the good _______.

Question

Quizplus · Accepted Answer

When tariffs are removed, consumers benefit from lower prices, thus they gain. Producers face increased competition from imports, which can lead to lower sales or prices for their products, thus they lose.

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