{"id":61457,"date":"2022-05-16T01:36:55","date_gmt":"2022-05-16T01:36:55","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/canadas-trade-deals-with-the-united-states-impacts-the-microeconomy\/"},"modified":"2022-05-16T01:36:55","modified_gmt":"2022-05-16T01:36:55","slug":"canadas-trade-deals-with-the-united-states-impacts-the-microeconomy","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/canadas-trade-deals-with-the-united-states-impacts-the-microeconomy\/","title":{"rendered":"Canada\u2019s trade deals with the united states impacts the microeconomy"},"content":{"rendered":"
\n

\u00a0\u00a0\u00a0<\/p>\n

This assignment relates to the following Course Learning Requirements: \u00a0<\/p>\n

CLR 1 \u2013 Define the economic problem and explain the different types of economic systems that have been used to allocate resources and distribute output.<\/p>\n

CLR 2 \u2013 Analyze how the market system allocates resources.\u00a0<\/p>\n

CLR 3 \u2013 Assess the economic, political, and institutional forces affecting the distribution of in income in Canada today.<\/p>\n

CLR 4 \u2013 Examine the performance of the macroeconomy over time and explain the link between this performance and the problems of unemployment and inflation.\u00a0<\/p>\n

CLR 5 \u2013 Analyze the economic factors that affect the level of aggregate economic activity over time.<\/p>\n

CLR 6 \u2013 Evaluate government policies to stabilize the macroeconomy.<\/p>\n

CLR 7 \u2013 Analyze Canada\u2019s international economic relationships, including trade polices, and examine their impact on the domestic economy.<\/p>\n

Objective of this Assignment: \u00a0<\/p>\n

To demonstrate how Canada\u2019s trade deals with the United States impacts the microeconomy and macroeconomy of Canada.<\/p>\n

Pre-Assignment Instructions:<\/h2>\n

1. To prepare for this assignment, review the content in Modules 1 to 13.<\/p>\n

2. Conduct research about Canada\u2019s trade relations with the United States focusing on pre-1994 trade relations, the NAFTA trade deal in 1994, and current (2018 \u2013 present) proposed changes to NAFTA to create the new USMCA trade deal.<\/p>\n

Assignment Tasks:\u00a0<\/strong><\/p>\n

Analyze the impact of changes in NAFTA to the Canadian economy on both microeconomic and macroeconomic levels as the new USMCA trade deal moves toward its planned implementation on June 1, 2020.<\/p>\n

1. Describe 3 main highlights of the original 1994 NAFTA agreement focusing on Canada\u2019s trade relations with the US. The highlights should generally describe benefits each country planned to receive from NAFTA.<\/p>\n

2. Describe 3 main changes proposed in the re-writing of NAFTA that will eventually become the new USMCA.<\/p>\n

3. Using your knowledge of microeconomics learned from this course describe how you think the USMCA will impact the microeconomy of Canada. For instance:<\/p>\n

– What industries in particular would benefit?\u00a0<\/p>\n

– How will the lives of every day consumers be impacted?\u00a0<\/p>\n

– What will be the effect on prices for goods and services in the industries impacted by the USMCA?<\/p>\n

4. Using your knowledge of macroeconomics learned from this course, describe how you think the USMCA will impact the macroeconomy in Canada. For instance:<\/p>\n

– How will these relations impact income distribution in Canada?<\/p>\n

– Will Canada\u2019s GDP be positively or negatively impacted? Provide reasons.<\/p>\n

– How will the USMCA impact unemployment and inflation in the first year it is implemented?<\/p>\n

5. Refer to your response in question 2. above. Provide an opinion on how the Covid-19 Pandemic will affect each of the 3 changes proposed. Provide reasons to support your opinion.<\/p>\n

6. Provide 1 new trade policy you think the Canadian government should include in the USMCA. How will this new policy economically benefit Canada and individual Canadians? What economic benefits would there be for the US?<\/p>\n

7. Your assignment is to be submitted in MS WORD format. It should be submitted with the following guidelines:<\/p>\n

\u00b7 Provide your answer in a report format between 2,000 and 2,500 words for questions 1 to 6.<\/p>\n

\u00b7 Include a cover page with the course code and course name, the assignment number, the title of your assignment, your student ID, your name, the instructor\u2019s name, and the date the assignment is created.<\/p>\n

\u00b7 Ensure the first page of your assignment has the title at the top of the page and the sections of your report have headings and subheadings to chunk your paper into sections for each of the topics you are writing about.\u00a0<\/p>\n

\u00b7 Font should be either Calibri or Arial, 12pt. Text must be single spaced.<\/p>\n

\u00b7 Any graphs, charts, or diagrams that you wish to include must be referenced in the report and placed in an appendix to your report. These do not replace the word requirement.<\/p>\n

\u00b7 You must cite all your sources of information using APA formatting.\u00a0<\/p>\n

\u00b7 Create a separate reference page that lists all of your sources that you have cited in text. Sources include software used. Also, personal communications from a professional in the field count as a reference source. For citation and referencing examples, see https:\/\/owl.purdue.edu\/owl\/research_and_citation\/apa_style\/apa_formatting_and_style_guide\/general_format.html<\/p>\n

\u00a0\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\u00a0\u00a0\u00a0 This assignment relates to the following Course Learning Requirements: \u00a0 CLR 1 \u2013 Define the economic problem and explain the different types of economic systems that have been used to allocate resources and distribute output. CLR 2 \u2013 Analyze how the market system allocates resources.\u00a0 CLR 3 \u2013 Assess the economic, political, and institutional […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-61457","post","type-post","status-publish","format-standard","hentry","category-education"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/61457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=61457"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/61457\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=61457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=61457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=61457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}