Political Science 2211E Chapter Notes - Chapter 5: Automotive Products, Free Trade, Econometrics
4 Apr 2020
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The canada us agreement on the automotive products and the canada-us free trad agreement. Economists have used these events to assess the overall benefits of openness to trade, and the general conclusion is that trade liberalization has increased the standard of living of canadians. The benefits are widely dispersed and are realized over the long term, while the costs tend to be felt over the short term and are concentrated in certain industries and workers. The election of the macdonald government in 1878 led to the implementation of the national. Policy in the 1879 budget, which imposed widespread increases to import tariffs. The average weighted tariff rose from 14 to 21 percent: this increase was protectionist. Most of the literature on the national policy tariffs point to significant net welfare losses for. The tariff, historians have taught us, is the price of being canadian".
