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Q. It is still the conventional wisdom in the U.S. that compliance with NAFTA needs is having a deleterious effect on U.S. highway safety standards, on U.S. pollution and other environmental standards, and on U.S. jobs. What facts could proponents of an expansion of NAFTA (e.g. to include all of Central and South American countries) require to marshall in order to convince you?
Answer: The answer is prejudiced. Most probably the answer should include objective and reasonable counter-factual scenarios what would be the job or pollution situation with and without NAFTA.
how trade lowers the costs of making computer peripherals such as mice and keyboards
1. Explain why many Asian countries set up Export Processing Zones and why China set up Special Economic Zones. What are the similarities and differences between EPZs and SEZs?
Q. Presumably, since the United States is a large country in many of its international markets, a positive optimum tariff exists for this country. It follows thus that when any l
Problem: a) Write down and explain the Black-Scholes European call option pricing formula. Discuss how call prices it delivers change with each of the inputs to the calculatio
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Revisions of Conventional Trade Theory
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Q. The two deadweight triangles are the Production distortion and Consumption distortion losses. It is simple to understand why the Consumption distortion constitutes a loss for
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