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Discuss the five main types of regional trade agreements

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Reference no: EM131223998

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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.

Reference no: EM131223998

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