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Discussion
There has been much criticism about the Trans-Pacific Partnership free trade agreement. Discuss three issues that may seem questionable in relation to the agreement. Given that eight other nations have already signed their participation, would you recommend to the U.S. Senate that they should have ratified it?
Essay - Instructions
For this assignment, write an essay that addresses each of the following points:
1. Choose five U.S. government policies that affect trade with foreign nations. Identify three factors of production, and describe how their mobility is good or bad for U.S. trade
2. Distinguish between absolute advantage and comparative advantage trade theories and give examples
3. Choose either the TPP or the T-TIP free trade agreement and describe which other countries have signed on and why the U.S. Senate should ratify or not ratify the agreement. Also, explain how regional trading groups influence organizations.
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