Answered

Westonci.ca is the premier destination for reliable answers to your questions, provided by a community of experts. Discover in-depth answers to your questions from a wide network of experts on our user-friendly Q&A platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

In​ 1995, Mexico joined NAFTA. U.S. tariffs on imports from Mexico and Mexican tariffs on imports from the United States are gradually being removed. How have the quantity of U.S. exports to Mexico and the U.S.​ government's tariff revenue from trade with Mexico​ changed?

Sagot :

batolisis

Answer:

a) Increase in export  

b) decrease in Tariff revenue

Explanation:

a) The Quantity of U.S exports to Mexico will increase due to the decrease in market price of goods imported from US to Mexico which is occasioned by the removal of Mexican tariffs on imports from the United states .  

b) The US  tariff revenue from trade with Mexico will decrease drastically  

Import Tariffs are one of the ways Government generates revenue for the economy hence when these tariffs are removed the revenue generated will be non-existent .

Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.