Author: Anonymous

Venezuela is a producer of heavy crude which is more expensive to produce than light crude. 

All of the following are examples of natural resources: trees, lumber used in houses, petroleum, and gasoline.

When a country is more attractive for investments, we know that: (check all that apply) 

When we reflect on NAFTA, the most concern has been expressed about which country’s participation in the agreement?

It is not a good policy goal to run a trade deficit…we prefer trade surpluses. When trade deficits exist, we should alter our trade strategy. 

The exchange rate bewteen the USD and Guatemalan Quetzal was $.132/Qz but then changed to $.141/Qz. This shows a weakening of the Guatemalan Quetzal against the USD. 

Country X has a gini coefficient of .19 and from this we can infer that: 

Both tariffs and quotas have the same effect…they will increase the supply of the import. 

The interdependence in the EMU between the small, weaker nations and the large, stable nations meant that irresponsible behavior of countries like Greece and Italy could impact countries like Germany.  

In order to maximize the “economic pie”…tasks should be divided based on: