This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Currently the NAFTA nations do not meet the conditions for an optimal currency area. What are the ... (Read 115 times)

NClaborn

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
Currently the NAFTA nations do not meet the conditions for an optimal currency area. What are the two main reasons why?
 
  What will be an ideal response?

Question 2

Suppose Mexico can produce 5 autos or 10 corn. Suppose the United States can produce 4 autos or 20 corn. If opportunity costs are constant for both countries, then
 
  A) the United States has a comparative advantage in corn production.
  B) Mexico has a comparative advantage in corn production.
  C) the United States cannot gain from trade with Mexico.
  D) the United States has a comparative advantage in auto production.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ndhahbi

  • Sr. Member
  • ****
  • Posts: 390
Reply #1 on: Jun 30, 2018
Answer to Question 1

Historically Mexico's business cycle has not been correlated with the cycles in the United States and Canada; labor mobility is limited.

Answer to Question 2

A


NClaborn

  • Member
  • Posts: 560
Reply 2 on: Jun 30, 2018
Excellent

skipfourms123

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Aquilia Area in Color: Aquilia Area in Color:
Landmarks of the Area Around the Mouth Landmarks of the Area Around the Mouth
A freshly applied autograft. Note that the donor skin has been perforated so that it can be stretche A freshly applied autograft. Note that the donor skin has been perforated so that it can be stretche
Four areas of secondary motor cortex—the supplementary motor area, the premotor cortex, and two ... Four areas of secondary motor cortex—the supplementary motor area, the premotor cortex, and two ...
The inguinal area. Take great care when applying deep pressure in this region The inguinal area. Take great care when applying deep pressure in this region
Primary motor area of cerebral cortex Primary motor area of cerebral cortex
Video: Embryonic development - Week 4

For a complete list of videos, visit our video library