Describe how NAFTA works and its effects on the U.S. economy.
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NAFTA-NAFTA will soon be replaced by a new trade agreement between the U.S. and Mexico. Evaluate the exchange rate-trade effect around NAFTA’s inception in 1994. Answer the questions below. Discuss how the bilateral trade balances between the U.S. Mexico have changed pre- and post- NAFTA. (Hint: trade deficit or trade surplus?) How has the $/peso exchange rates changed from 1990 to 2001? Comment on the appreciations and depreciations of both currencies, pre- and post-NAFTA. Discuss possible linkages between NAFTA and...
4. How does the sudden hurricane that hit most states effect the U.S. economy? Be sure to outline the effects on U.S GDP, the price level and unemployment in the SR & LR. What policies should the government embark on to bailout the economy from the effects of the hurricane? 5. Suppose that, the U.S. increases its exports to Asia. What is the SR and LR effects on U.S. GDP, the price level, and unemployment? What policies should the fed...
What were the economic effects of the North American Free Trade Agreement (NAFTA)? O A. The wages for both U.S. and Mexican workers decreased OB. Consumption increased in the United States but decreased in Canada. OC. U.S. exports of motor vehicles to Mexico decreased. OD. Employment in the United States increased by as much as 21 million jobs O E. All of the above.
Use the following terms to explain how Mexico’s economy has benefitted from NAFTA: import tariffs, Wranglers, beer, Michoacan
6. How does the sudden wildfire that hit most states effect the U.S. economy in the SR? Be sure to outline the effects on U.S GDP, the price level and unemployment. What policies should the fed embark on to bailout the economy from the effects of the wildfire?
Describe the new economy of the U.S. Are we 'lucky' to be living in the U.S. compared to 100 years ago? Fifty years ago?
4. How does the sudden hurricane that hit most states effect the U.S. economy? Be sure to outline the effects on U.S GDP, the price level and unemployment in the SR & LR. What policies should the government embark on to bailout the economy from the effects of the hurricane?
Describe the impact of the federal government’s budgets and policies on the U.S. economy?
How large is NAFTA? The North American Free Trade Agreement (NAFTA) is a multilateral trade agreement between Canada, Mexico, and the United States that came into effect in 1994. Real GDP for the United States–adjusted for exchange rates and differences in the cost of living–in 1994 was approximately $10.23 trillion. a) Data on nominal GDP and prices for Canada and Mexico in 1994 are provided in the following table. ---------------GDP----------exchange rate-----P/PUSA Canada --- C$1.10 trillion-----1.36 C$/$-----0.91 Mexico Mex$2.23 trillion-----3.38 Mex$/$-----0.67...
How large is NAFTA? The North American Free Trade Agreement (NAFTA) is a multilateral trade agreement between Canada, Mexico, and the United States that came into effect in 1994. Real GDP for the United States–adjusted for exchange rates and differences in the cost of living–in 1994 was approximately $10.23 trillion. a) Data on nominal GDP and prices for Canada and Mexico in 1994 are provided in the following table. ---------------GDP----------exchange rate-----P/PUSA Canada --- C$1.10 trillion-----1.36 C$/$-----0.91 Mexico Mex$2.23 trillion-----3.38 Mex$/$-----0.67...