Description
The benefits of the trade agreement on the economy and market
How the trade agreement negatively impacts the market
The impacts on a specific industry and/or product
Guidelines for Submission: Your paper should be 2–3 pages in length (not including title page and reference page) and written in APA style. Be sure to use
scholarly references to support your arguments.
Critical Elements Proficient (100%) Needs Improvement (55%) Not Evident (0%) Value
Benefits on
Economy and
Market
Identifies the benefits of the
trade agreement on the
economy and market, with
specific examples cited
Identifies the benefits of the
trade agreement on the
economy and market but does
not cite specific examples
Does not identify an explanation
of the benefits of the trade
agreement on the economy and
market
30
Negative Impacts
on the Market
Discusses specific negative
impacts the trade agreement has
on the market
Discusses general negative
impacts the trade agreement has
on the market
Does not discuss the negative
impacts the trade agreement has
on the market
30
Impacts on a
Specific Industry
and/or Product
Provides a compelling argument
of the impacts on a specific
industry and/or product in a
thorough manner
Identifies the impacts on a
specific industry and/or product,
but does not provide a
supportive argument
Does not explain the impacts on
a specific industry and/or
product
30
Articulation of
Response
Submission has no major errors
related to citations, grammar,
spelling, or syntax
Submission has major errors
related to citations, grammar,
spelling, or syntax that negatively
impact understanding of ideas
Submission has critical errors
related to citations, grammar,
spelling, or syntax that prevent
understanding of ideas
10
Total 100%
Explanation & Answer
Attached. Bye!!!!!
Running head: BENEFITS OF TRADE
1
Benefits of Trade
Name
Institution
BENEFITS OF TRADE
2
Benefits of Trade
Trade agreement impacts
Trade agreements have seral benefits to the economy. Some of these benefits include the
following: One of the main benefits is that they led to a reduction of market fluctuation. These
agreements ensure that they have been a reduction in seasonal sales which is a good impact on
the economy. Another benefit is that the market has several goods that consumers can choose
from. The many variety goods in the market also expose consumers to experiencing new
products. Another benefit that they bring along innovation and production efficiency (Baier, et al.
2014). Since with the agreements in place, competition becomes strives companies have to
improve on efficiency as well as involve innovation so...