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- What has been the evolution of the European Union's trade policy?

- What is the state of the EU's trade policy?

- How do the trends of its trade activity align with its policy intentions?

- Are there concerns or considerations for its long-term development?

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Joshua Stredder
Joshua StredderLv10
28 Sep 2019

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Related questions

(Shattering the Myths about U.S. Trade Policy, Development Lessons for Asia from Non-Asian Countries), and view this TED Talk on foreign direct investment.

Then, look at U.S. trade policies and at another market's trade policies. Contrast and compare the two countries in terms of their major trade policies. Which policy or policies do you think are most important and why? What do you think might be a necessary trade policy that has not yet been implemented? What do you think is the future of trade policies?

Ā 

Question 6: Which of the following economic goals focuses on equal opportunities for education? (5 points)

-Equity

-Freedom

-Growth

-Security

Question 7: Marcel takes out student loans and works part-time to put himself through college. In time, he earns an advanced medical degree and goes to work in an understaffed city -hospital. Marcel's economic decisions benefit the goal of efficiency by (5 points)

-making his own job

-related decisions

-paying back loans to reduce the debt

-contributing to the nation's productivity

-taking advantage of equal opportunities

Question 8: Two countries produce milk and dairy products efficiently. Neither has an absolute advantage. However, Country A exports milk to Country B, and Country A imports cotton from Country B. Which of the following is inferred? (5 points)

-The opportunity cost of producing milk is lower for Country A.

-The opportunity cost of producing cotton is higher for Country B.

-Country A has a natural resource advantage in cotton.

-Country B has a natural resource advantage in milk.

Question 9: Worker hours to produce one unit of natural gas; Worker hours to produce one unit of oil; Brazil 4 9; Argentina 2 10; Mexico 3 7; United States 1 6. According to the chart, which country has the comparative advantage in oil production? (5 points)

-Brazil

-Mexico

-Argentina

-United States

Question 10: The United States can manufacture books at a much more rapid pace than manufacturers in Indonesia. Which of the following is a reason? (5 points)

-Indonesia, as a developed country, has a highly paid and experienced workforce

-Indonesia, as a developing country, has a less advanced manufacturing infrastructure

-The United States, as a developing country, has a high comparative advantage in manufacturing.

-The United States, as a developed country, has a lower cost of living than Indonesia

Question 11: A group of nations establishes a free-trade zone. What is the most likely effect? (5 points)

-Cost of trade increases

-Exports decrease

-Imports decrease

-Trade increases

Question 12: The United States may have a tariff on cotton products from China in order to (5 points)

-prevent Chinese manufacturers from losing profit because of low prices

-protect the business of the American cotton growers and manufacturers

-stop trade due to political disagreement on economic policy

-promote sales in the United States of cotton products from China

Question 13: A Chinese international salesperson hoping to increase exports to the U.S. may worry about the inflation of the U.S. dollar because the inflation may (5 points)

-increase the United States' supply of Chinese products

-decrease tariffs on Chinese products sold to the United States

-increase taxes on the United States' products sold to China

-reduce the United States' demand for Chinese products

Question 14: How would a strong U.S. dollar impact the trade of grain produced in the United States? (5 points)

-U.S. grain exports decrease

-U.S. grain exports increase

-U.S. grain imports decrease

-U.S. grain imports stagnate

Question 15: Which of these can be a result of inflation? (5 points)

-Businesses grow cautious about spending

-The government has to cut spending

-The price of household items increases

-Workers benefit from a lower cost of living

Question 16: If the inflation rate increases faster than their income, people will most likely (5 points)

-use a higher proportion of their incomes on basic needs

-spend a lower proportion of their incomes on basic needs

-get more goods and services for less money

-obtain fewer goods and services for less money

Question 17: To increase your standard of living, your wages must (5 points)

-rise faster than the inflation rate

-rise more slowly than the inflation rate

-keep pace with the inflation rate

-have a negative inflation rate

Question 18: Look at the map showing the European Union (EU) and its free-trade agreement (FTA) countries. Which is true about most current EU free-trade agreements? (5 points)

-The European Union's free-trade agreements are with all of the most developed nations in the world.

-The European Union's free-trade agreements include agreements with both developed and developing nations.

-The European Union's free-trade agreements focus on nations with access to overland trade routes

-The European Union's free-trade agreements focus on the Southern Hemisphere, as distant countries have access to goods not grown in Europe.

Short answers please asap.

1. The Kingdom of Kong pegs its currency, the "Konger," to the U.S. dollar.

2. Suppose that The Kingdom of Kong experiences persistently higher inflation than the U.S. does. In the long run, what should happen to the value of the Konger relative to that of the dollar?

3. As a result of the developments described above, the Konger is the subject of a speculative attack. How could the Kingdom of Kong's central bank respond to defend the peg (i.e., maintain the fixed exchange rate)?

4. Identify a potential drawback of the policy identified in your answer to the previous question.

5. Use the AS-AD framework to explain why traditional monetary and fiscal policies are of limited use in this situation.

6. What term is commonly used to refer to this economic situation?

7. In general, should a country's policymakers be concerned if the country has trade imbalances with other countries?

8. If your answer to the previous question is "no," are there situations in which policymakers should be concerned about running a trade deficit? If your answer is "yes," are there situations in which policymakers should not be concerned about running a trade deficit?

9. What is the difference between a "demand-side" fiscal policy and a "supply-side" fiscal policy? Include an example of each in your answer

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