Assignment
Each question needs at least 50 words minimum
APA Format
Minimum of one reference per question. Please put the Part number as the header so I will know which one it is. Thanks.
Part 1
Discuss the five main types of regional trade agreements. What are their primary characteristics?
Part 2
In addition to the production and consumption side deadweight losses, what are some of the other potential costs of tariffs?
Part 3
Is the budget deficit of a country linked to its current account balance? How so? Explain how it is possible for the Parted States' current account deficit to grow while the budget deficit has disappeared.
Part 4
In a crisis not caused by macroeconomic imbalances, economists are uncertain whether a country should try to guard against recession or try to defend its currency. Why are these mutually exclusive and what are the pros and cons of each alternative?
Part 5
How does Mexico's GDP per person compare to that of the Parted States? Discuss the different approaches economists can use to make this calculation.