Question

1. Should the EU remain an economic union, or should it move to become a political...

1. Should the EU remain an economic union, or should it move to become a political union?

2 What achievements do NAFTA supporters point to as evidence of NAFTA’s success?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

1. EU is a unique combination of economic and political union. The member states share the same currency and a single market. This system of being an economic and political union has helped the EU maintain peace, stability and raise the standard of living of individuals living there. The EU should continue being an economic and political union.

2. Achievements of NAFTA:

i. By eliminating trade and non-trade barriers, the agreement led to an increase in trade and investment. The agreement is the reason trading activities almost doubled between the members.

ii. The member countries also saw an increase in the economic growth. There was an increase in the per capita GDP.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The world's trading nations have become increasingly interdependent, both from an economic and political viewpoint. What...
The world's trading nations have become increasingly interdependent, both from an economic and political viewpoint. What do you think of the argument that the United States needs to restrict immigration and firms’ ability to open production oversees to save American jobs?
SCENARIO BACKGROUND: The controversy surrounding the European Union, as well as the recent increase in tension...
SCENARIO BACKGROUND: The controversy surrounding the European Union, as well as the recent increase in tension between the U.S. and Canada leaders, prompted many American analysts and politicians to weigh pros and cons and predict likely economic of closer integration in North America. While most agree a US-Mexico union would have outweighing negative consequences for the US at this stage, primarily because of the great economic, political, societal and cultural differences between the countries, there is no consensus on the...
SCENARIO BACKGROUND: The controversy surrounding the European Union, as well as the recent increase in tension...
SCENARIO BACKGROUND: The controversy surrounding the European Union, as well as the recent increase in tension between the U.S. and Canada leaders, prompted many American analysts and politicians to weigh pros and cons and predict likely economic of closer integration in North America. While most agree a US-Mexico union would have outweighing negative consequences for the US at this stage, primarily because of the great economic, political, societal and cultural differences between the countries, there is no consensus on the...
SCENARIO BACKGROUND: The controversy surrounding the European Union, as well as the recent increase in tension...
SCENARIO BACKGROUND: The controversy surrounding the European Union, as well as the recent increase in tension between the U.S. and Canada leaders, prompted many American analysts and politicians to weigh pros and cons and predict likely economic of closer integration in North America. While most agree a US-Mexico union would have outweighing negative consequences for the US at this stage, primarily because of the great economic, political, societal and cultural differences between the countries, there is no consensus on the...
SCENARIO BACKGROUND: The controversy surrounding the European Union, as well as the recent increase in tension...
SCENARIO BACKGROUND: The controversy surrounding the European Union, as well as the recent increase in tension between the U.S. and Canada leaders, prompted many American analysts and politicians to weigh pros and cons and predict likely economic of closer integration in North America. While most agree a US-Mexico union would have outweighing negative consequences for the US at this stage, primarily because of the great economic, political, societal and cultural differences between the countries, there is no consensus on the...
On political colonialism versus economic colonialism 1. What are the similarities and dissimilarities between the former...
On political colonialism versus economic colonialism 1. What are the similarities and dissimilarities between the former European colonialism and the current Economic colonialism for African countries? Your written analysis must be to the point and elaborate (10 points). 2.Thoughtfully explain the economic fallout of European colonialism on African economies during the colonial period (5 points). 3.Thoughtfully explain the economic fallout of economic colonialism on African economies during the 1970s and 1980s (10 points).
1. Do economists overstate the value of GDP as a measure of economic welfare? 2. Should...
1. Do economists overstate the value of GDP as a measure of economic welfare? 2. Should GDP be replaced as a measure of growth in the overall economy?
Here are some questions. Please answer with explanation. 1. What should be included in economic cost?...
Here are some questions. Please answer with explanation. 1. What should be included in economic cost? (Please provide examples) 2. Should economic depreciation be included in calculating economic cost? 3. Should accounting depreciation be included in calculating economic cost? 4. What should be included in accounting cost? (Please provide examples) 5. Should economic depreciation and accounting depreciation both be included in calculating accounting cost? Thank you.
1. Indicate what the main objective of the Economic Dispatch exercise should be and how often...
1. Indicate what the main objective of the Economic Dispatch exercise should be and how often it should be carried out. 2. State the purpose of the Load Flow exercise and the state variables that must be obtained for each bar. 3. Indicate how the studies of economic dispatch and load flow are related. 4. Indicate that it is an Economic Office limited by security, its purpose and what effect does the cost of operating a system have. 5. State...
1. What is the causative relationship between economic growth and economic development? Your answer should be...
1. What is the causative relationship between economic growth and economic development? Your answer should be structured in terms of the general factors necessary for economic growth 2. Using a Lewis labor surplus framework show graphically and explain how an increase in capital-augmenting agricultural (traditional sector) technology affects a country’s ability to achieve self-sustaining growth that is driven by modern sector capital accumulation. 3.  Show graphically and explain how a country’s level of capital augmenting technology affects its output per worker...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT