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Q. The North American Free Trade Agreement (NAFTA) was created 20 years ago to expand trade among Canada, U.S. as well as Mexico. Its secondary purpose was to make these countries more competitive in the worldwide market. It has been extensively successful in attaining this. NAFTA is at present the largest free trade agreement in the world. Why, then, is NAFTA so severely criticized? Discuss the most successful achievements of NAFTA for the last 20 years (including what each country benefited?) and the shortcomings of NAFTA for the last 20 years (including what each country has lost as a result of NAFTA).
Assuming that under cost controls rationing is as inefficient as possible while under the quota, the allocation is as inefficient as possible.
Calculate the original market equilibrium price and quantity in absence of the price support policy.
Divide the Banzhaf power index by the number of votersin state. Are votersin small states or are votersin big state more powerful, according to this measure.
Assume that neither country experiences population growth nor technological progress as well as that 5 percent of capital depreciates each year
Are the assumptions the same as under a simple linear regression. What does TSLS imply about the data if a strong F is found.
How can two countries both be better off as a result of trade? How can tariffs protect U.S. jobs? Do tariffs lead to a net increase in jobs?
Clarify what action monetary policymakers must take for the actions of fiscal policymakers to have no effect on real income.
Perform a statistical analysis of its short-run production costs to estimate its total variable cost function.
The two economies are so far apart that they don't share ideas and each evolves as a separate roomer economy.
Using an Edge worth Box, graph the initial allocation and draw the indifference curve for each consumer that runs through the initial allocation.
What is the impact of a tax cut in an economy operating under a fixed exchange rate regime on household spending, interest rates.
Enterprises conduct business transactions with other enterprises for a number of economic, business and strategic motivations.
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