(1 point)
Responses
The agreement caused imports from the U.S. to increase but led to a decrease in exports.
The agreement caused imports from the U.S. to increase but led to a decrease in exports.
The agreement caused both exports and imports to decrease over time.
The agreement caused both exports and imports to decrease over time.
The agreement led exports to the U.S. to increase but led to a decrease in imports.
The agreement led exports to the U.S. to increase but led to a decrease in imports.
The agreement caused both exports and imports to increase over time.
1 answer
To accurately select the statement that describes the economic impact of the trade agreement, one would need specific information about the trade agreement in question. However, based on typical outcomes of trade agreements, the statement that best captures a common economic impact is:
The agreement caused both exports and imports to increase over time.
This reflects a common goal of trade agreements to enhance trade volumes between participating countries.
