In: Economics
Read the second Management Focus feature in the text (Chapter 9), “NAFTA’s Tomato Wars,” then answer the following questions 1) Was the establishment of a minimum floor price for tomatoes consistent with the free trade principles enshrined in the NAFTA agreement? Why or why not? 2) Why, despite the establishment of a minimum floor price, have imports from Mexico grown over the years? 3) Was the Commerce Department right to establish a new minimum floor price, rather than scrap the agreement and file an anti-dumping suit against the Mexican tomato producers? Who would have suffered? Response should be a minimum of 150 words total and contain no quotes.