A territory within a country where companies benefit from duty-free policies by receiving imported goods for assembly and other processing, and subsequent re-export: Maquiladoras O Free trade zone Free trade agreement Regional economic block
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- The agreement is in the form of free trade between members and requires uniform external trade policies for non-member countriesa. Custom unionb. Most favorite nationc. Preferential Trading Agreementd. Free trade area4. Based on the theory of overlapping demand, it can be argued that trade in industrial products is insignificant for countries with dissimilar:a. Levels of personal incomeb. Technologiesc. Preferences and tastesd. Marginal Productsdescribe 4 differentways the government odf canadahelps facilitate trade with other countries and helps ensure canadian companies are competitive in the global market please explain how the initatives achieve their goals.
- 6. Which of the following considerations need not lead to in-country distribution effectsfrom trade?A. Labor markets display significant frictions.B. Capital may be industry-specific.C. It takes time to learn new skills.D. Wages and productivity in one country are much higher than in its trading partner.(a) Identify a recent antidumping case that was brought before the WTO. (b) Identify the nations, products and potential punitive measures involved. (c) If you were part of WTO dispute settlement body, would you vote in favor of the measures taken by the retaliating nation? Why or why not?“Trading blocs”/ Regional Integration efforts maybe considered the status quofor international trading under the new WTO “rules” as influenced and driven byglobalization, what are the reasons considered for their necessity/importance?Also what are the factors which act as impediments to the successful implementation ofthese regional areas?
- 8. All of the following frequently obstruct trade, except:A. Safety regulationB. Bankruptcy rulesC. Agricultural subsidiesD. Anti-dumping lawsA customs union is different from a free-trade area, in that: the world. 1.a free-tradearea removes trade barriers between memibercountries, whereas customs union adtopts idtentical tarifts with the rest of the world. 2..a free-tradearea allows for uniform tariffs, whereas aCustamis union does not.3. customs unionremoves trade barriers between membercountries, whereas a free-tracte areaadtopts idtentical tarifts with the rest of the world e. a free-trade area allows for free movement of factors, whereas a Customs union does not. i will 5 upvotesOn his first day in office, President Donald Trump took the United States out of the Trans Pacific Partnership (TPP), a proposed free trade deal with 11 other countries in the Asia-Pacific region, representing nearly 40% of global GDP. If the TPP had come into existence, the countries in the TPP would NOT be in violation of the most-favored nation (MFN) principle in the World Trade Organization (WTO) by giving each other preferential trade access. Why? A. There is an exception to MFN regarding the Generalized System of Preferences. Because Vietnam, a developing country, was one of the 12 members of the TPP, that exception applies to the whole partnership. B. Because the United States has the largest economy in the world, it gets to decide when MFN applies and when it doesn’t. C. There is an exception to MFN regarding regional trade agreements (RTA), and because all the proposed members inhabit the Asia-Pacific region, the TPP would have been an RTA, and therefore, members could give…
- Examine how the the African Continental Free Trade Area (AfCFTA will impact participating African countriesQUESTIONS : D. Would you agree if the UK imposed import protection for wheat and corn to protect domestic wheat and corn farmers? Give reasons and basis for your argument. What are the negative and positive impacts that will be faced by the UK when implementing this protection policy (Give at least 5 answers for each positive & negative impact). POINT D ANSWER : Would defeinetly not go with the idea and not accept the trade proctectionsim, as it of more harm than good. Reasons are as follow: -The restricted options of customers and paying more for products and services. A main consequence of trade protectionism would be that, as there can be limits on how much can be imported, buyers may have a restricted variety of products and services. Shoppers would have a very limited option as to the amount, standard and form of product that might otherwise be available to them without competitive protection due to these quotas. -Exchange rate caps have induced long-term inflation because…COUNTRY COFFEE TEA Jamaica 10 5 United States ofAmerica 50 20 A. Which country has the absolute advantage in the production of both goods? B. Which has the comparative advantage in the production of both goods? C. Protectionist policies are beneficial to all countries of the world therefore all countriesshould ensure that such policies are instituted.Assess the validity of this statement.
