(Answered) Assignmenteach question needs at least 50 words minimumapa

Economics

Assignment

Each question needs at least 50 words minimum

APA Format

Minimum of one reference per question. Please put the Part number as the header so I will know which one it is. Thanks.

Part 1

Discuss the five main types of regional trade agreements. What are their primary characteristics?

Part 2

In addition to the production and consumption side deadweight losses, what are some of the other potential costs of tariffs?

Part 3

Is the budget deficit of a country linked to its current account balance? How so? Explain how it is possible for the Parted States' current account deficit to grow while the budget deficit has disappeared.

Part 4

In a crisis not caused by macroeconomic imbalances, economists are uncertain whether a country should try to guard against recession or try to defend its currency. Why are these mutually exclusive and what are the pros and cons of each alternative?

Part 5

How does Mexico's GDP per person compare to that of the Parted States? Discuss the different approaches economists can use to make this calculation.

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