The following are some of the economic events that we discussed in class or in our online slides. For each event, briefly explain how it is consistent with one of the following theoretical frameworks that we have discussed in class: the Heckscher-Ohlin model, and the model for offshoring. 1. In the U. S., the National Council Of Textile Organizations fully supports free trade, even though the U. S. imports a lot of textile.
2. A Canadian politician lamented that NAFTA allowed the U. S. to steal manufacturing jobs away from Canada; i. e. NAFTA was "maybe the worst trade deal ever signed anywhere but certainly ever signed in this country".
3. In 2016, Oregon passed minimum-wage laws, promising to raise it to $14.75/hour in Portland. In 2019, Oregon AFL-CIO petitioned to include the Grocery Store Service & Community Protection Act on the 2020 ballot. It says that no Oregon grocery store could operate more than 2 self-checkout stations at a time.