1. When the EU progressed from a “customs union” to a “common market” the “factors of production” were allowed to move freely among member nations. How does this effect a prosperous member country? How does this effect a member country that is relatively poor?
2. Do you anticipate that NAFTA will ever progress from where it is now to a Common Market? Why or why not?
3. What are five important reasons a common currency is important in a trade bloc? Will this happen soon among the US, Canada and Mexico? Why or why not?
4. A: If one Euro = $1.57 and one US dollar = 45 Mexican pesos, how many euros are there is 245 Mexican pesos?
B. Explain the “Big Mac Index” and how it serves to indicate Purchasing Power Parity (PPP) among countries. (P. 331-6) An example will help.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more