Please write one paragraph of solid explanation for each question. These questions are covered under International Economics; Regional Integration and Multilateralism.
- Identify the three main types of regional trade agreements and give an example of each. Make sure you explain why each example fits the category you put it under.
- Explain what an economy of scale is and give a specific example of one time an economy of scale benefited a country or individual company.
- Why is the European Union an optimal currency area?
- Which country do you think benefited the most from NAFTA? Why?