In the context of regional trade integration, concern about arise because close economic integration demands that countries give up some degree of their control over such key policy issues as monetary policy, fiscal policy, and trade policy. A. cost B. national sovereignty C. financial stability D. cultural uniformity
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- Which is a benefit of the Central American Free Trade Zone agreement? It allows all participants to create a region-wide health care system. It links regional power supplies between nations. O It minimizes border conflicts between countries. It creates a unified block to slow down outsourcing from the United States.The following is the most appropriate description to explain the trade liberalization or trade deregulation policies since the mid-1980s a. This policy will definitely increase the economic development of developing countriesb. the lower effective rate of protectionc. improve inequality in developing countriesc. strengthen the previous trade policy strategy, namely import substitution industrializationWhat is a likely outcome if multilateral trade and investment liberalization fails to progress? a. a rise in regional integration blocs b. a push toward great global economic integration c. an increase in custom unions d. an increase in economic unions Solution sent me only typing
- Explain the regionalism vs globalizationDiscuss 1 benefit and 1 drawback of regional integration. Provide relevantlyexamples to support your discussion.What is a likely outcome if multilateral trade and investment liberalization fails to progress? a. a rise in regional integration blocs b. a push toward great global economic integration c. an increase in custom unions d. an increase in economic unions
- Occasionally, a government official will argue that a country should strive for both a trade surplus and a healthy inflow of capital from abroad. Is this possible?If trade increases world GDP by 1 per year, what is the global impact of this increase over 10 years? How does this increase compare to the annual GDP of a country like Sri Lanka? Discuss. Hint To answer this question, here are steps you may want to consider. Go to the World Development Indicators (online) published by the World Bank. Find the current level of World GDP in constant international dollars. Also, find the GDP of Sri Lanka in constant international dollars. Once you have these two numbers, compute the amount the additional increase in global incomes due to trade and compare that number to Sri Lankas GDP.The goal of multilateral trade agreements is usually toa. equalize the level of tariffs across nations so nonation is disadvantaged relative to others.b. use targeted tariffs to ensure that nationsproduce those goods in which they have acomparative advantage.c. reduce tariffs in various nations simultaneously toblunt political pressure for protectionism.d. ensure that tariffs are used only to promote infantindustries that will eventually become viable.
- Please correct and incorrect answer explanation Countries that restrict foreign trade are likely to a. have more firms with domestic market power. b. forgo the additional surplus that trade allows, but will be compensated by a higher rate of technological change. c. forgo the additional surplus that trade allows, but will have a lower rate of unemployment. d. forgo the additional surplus that trade allows, but will probably enjoy economies of scale. Note:- Please don't simply copy and paste content from other AI tools or bots, or else I may have to downvote your actions. Do not provide the handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.The gains from trade accruals to: O Developed and developing economies. Emerging economies. Developed economies & emerging economies Developing economiesSome commentators have said that the WTO interferes with countries' domestic policies because a. it determines which nations may trade what with whom. b. it is a supra-national organization with the power to overturn governments. c. none of the given answer options is correct. d. the line between domestic policies and de facto (i.e. hidden) protectionism is often fuzzy. e. it punishes naughty nations.