Which of the following is an advantage of NAFTA?   Group of answer choices   Mexico's environment improved   NAFTA made oil cheaper (think gasoline) because the US could buy it for less from Canada and Mexico (instead of being completely dependent on oil from the Middle East)   Maquiladora working conditions improved   Mexican farmers had more business

Q: Please look  at the images and pick from the answer choices I have provided (bold choices).  The…

A: The international trade would result in the exchange of the goods between one or more countries…

Q: What measures do governments take to promote exports and restrict imports? Who benefits and who…

A: Protectionism is a policy taken by the government to restrict free trade mainly to protect the…

Q: Since many companies cut jobs or outsource overseas when they cannot compete with foreign companies,…

A: Free trade is a complex and contentious economic policy that has both proponents and critics. One of…

Q: In the United States, about 6 million manufacturing jobs disappeared in the first decade of the 21st…

A: Import and export restrictions are not present in a free trade system. A free trade agreement is a…

Q: What is Protectionism? Group of answer choices State policies imposing barriers to restrict imports…

A: International trade refers to the exchange of goods and services between economies across the trade.…

Q: We are going to use apply these terms to an example about Soybean production. Assume that the United…

A: Soybeans OC of producing Soybeans Sugar OC of producing sugar US 108 tons   20 tons   Brazil…

Q: A primary reason why nations conduct international trade is because

A: The primary reason that why nations conduct international trade is because the resources are not…

Q: List what kinds of changes happened to North America and to those who inhabit there from the 19th…

A: After 1776 American economy became a independent economy , many years ago people settle in America ,…

Q: Using economic analysis, evaluate the statement that some gain, or "win" from free trade while…

A: Free Trade  Free Trade refers to the trade between 2 or more nations without any restrictions and…

Q: which of the four options best represents specialization and its relationship with trade? absolute…

A: From the four options comparative advantage is the best representative of specialization and it…

Q: Consider the trade war that initiated the protests led by Bove. The EU instituted restrictions on…

A: A political and economic union of 27 member nations, most of which are in Europe, makes up the…

Q: the following next question. Quantity Demanded Domestically 1,400 1,600 1,800 2,000 2,200 2,400…

A: Tariff leads to increase in domestic price in comparison to world price.

Q: (wine and cheese) aLC =A ALW = 0.5 Pc = 4 Pw = ? we = ? Ww = 12 What is A? (round your answer to 1…

A: The no-trade equilibrium refers to the equilibrium achieved by a country when it is closed to trade.…

Q: Production Possibility Frontier Table Wheat Computers 30 30 60 Narnia Tralfamador 15

A: From the Production Possibility Frontier table we can see that Narnia can either produce 30 units of…

Q: Which of the following is not a true statement about gains from trade? Select the correct answer…

A: Here , we have to find which option is not a true statement about gains from trade.

Q: A country is the only producer of a particular prescription drug. This country has a comparative…

A: The inquiry concerns the economic principle of comparative advantage, a cornerstone of international…

Q: How could agreements between Mexico and western states of the United States best be improved? They…

A: There have been agreement made between Mexico and united states . There are several disputes also…

Q: Barriers to free trade could create a lack of confidence in the market? True or False

A: Trade barriers, like tariffs, are demonstrated to cause more economic harm than benefit; they raise…

Q: The principle of comparative advantage suggests that, if New York and Florida exchange taxi parts…

A: Comparative advantage is an economic law that dates back to the early 1800s. When it comes to free…

Q: If a country closes off to trade and prices remain unchanged, what does that mean?

A: A closed economy refers to one that does not trade with other countries. As a result, the closed…

Q: Mainland-Taiwanese economic relations continue to improve as both have entered ending many…

A: The issue is to distinguish the association or idea that is generally applicable to the setting of…

Q: The main political motives behind government intervention in trade include protecting jobs,…

A: Dumping is an international trade practice where a country or a company exports goods to another…

Q: Various international crises and issues periodically raise the price of oil imports, which can send…

A: Oil is one of the widely used natural resources because of its multiple uses, such as in cooking,…

Q: Which of the following is true of foreign trade zones? These are areas that are physically outside…

A: Foreign trade zones (FTZs), which provide firms with special benefits inside defined areas of the…

Q: Which of the following is NOT a common reason why tariffs are used despite being inefficient?

A: Tariffs are by and large forced for one of four reasons  To shield recently settled homegrown…

Q: Which of the following is an argument for restricting trade?   Question 30 options:   Trade…

A: Free trade is beneficial for all the countries. It might harm one group and benefit other, but the…

Q: How do many economists feel about protecting infant industries?   Question 30 options:   Protection…

A: Infant industries are young industries that are just starting out. Protection is given to infant…

Q: Tariffs and import quotas promote economic inefficiency and reduce the real income of a nation.…

A: Trade restrictions: Government policies that limit or control the flow of goods and services across…

Q: What are used to convince other governments to voluntarily limit their exports and are in effect…

A: The issue you raised has to do with trade policy and international trade. In particular, it…

Q: Sometimes the exports of developing nations are concentrated in only one or a few primary products.…

A: supply and demand, in economic matters, is the connection between the amount of a ware that makers…

Q: True or false? The European Union seeks to reduce its regional economic disparities by having…

A: European Union (EU) refers to an economic and political partnership that depicts a unique form of…

Q: Questions 12-15 refer to the simple (free) trade model graph of country A on the right that shows…

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: In practice do the policies of countries around the world reflect a commitment to free trade?

A: The free trade is the unrestricted trade between the nations. When there is free trade, there should…

Q: Which of the below statements does NOT reflect the ideas expressed by the author Charles Wheelan in…

A: Charles Wheelan is an American economist and professor who gave his findings on economic concept in…

Q: Identify the groups that are resistant to free trade and explain the reasons for their opposition.…

A: Trade agreement could be a accord between 2 or additional nations to scale back barriers to imports…

Q: American firms outsource many jobs to other, lower cost countries. How can this outsourcing actually…

A: Hey, Thank you for the question. According to our policy, we can only answer 1 question per session.…

Q: Which of the following arguments for limitations on trade is more controversial among economists?…

A: In an open economy, government generally intervene in the international trade by using its policies,…

Q: Which of the following best represents the benefit of trade based on comparative advantage? Large…

A: In economic theory, comparative advantage is one of the important concepts in the theory of…

Q: Country X can produce 1,000 units of food and 2,000 units of clothes. Country Y can produce 1,000…

A: Country X can produce 1000 units of food and 2000 units of clothes.  Country X's opportunity cost of…

Q: Use the following table for Country X to answer the next question. Column 1 of the table is the…

A: An import is a product or service purchased in one country but manufactured in another.…

Q: Some groups of nations are forming trade blocs, like North America or Europe. Are regional trade…

A: Yes, regional trade blocs are beneficial to global trade because they reduce the likelihood of…