1. NAFTA
ALALC ended in the 1970's due to these negotiations because they were left to the discretion of the countries involved and unfair practices started to occur. ... On the attached graph, as the price level drops from A to B, the quantity demanded increases from C to D; it becomes less expensive for U.S. firms to supply goods to Canada and Mexico as the supply curve shifts from AS to AS'. ...
- Word Count: 3714
- Approx Pages: 15
- Grade Level: Undergraduate