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Which statement describes the economic impact of this trade agreement?

A. The agreement led exports to the U.S. to increase but led to a decrease in imports.

B. The agreement caused imports from the U.S. to increase but led to a decrease in exports.

C. The agreement caused both exports and imports to decrease over time.

D. The agreement caused both exports and imports to increase over time.
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Martebi

Trade is very essential to America's prosperity as it leads to economic growth, supporting good jobs at home, raising living standards etc. Thes statement that best describes the economic impact of this trade agreement is that the agreement caused both exports and imports to increase over time does

  • Trade agreements helps the United States and other countries who partner with them to know the economic benefits of increased trade and investment.

It supports higher wages for workers and lower costs for companies and consumers, providing more money to spend on daily essential.

Trade agreements between countries lower trade barriers on imported goods and more goods can be exported also.

Conclusively, A trade agreement also called as trade pact consist of different wide-ranging taxes, tariff and trade treaty.

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https://brainly.com/question/14667323

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