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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: 

Many experts discuss re-shoring. This is the idea that jobs are returning to the USA. 

In order to receive the financial assistance that Greece needed, they had to agree to what were called “austerity” measures… 

A Lorenz curve shows the distribution of income for a country.