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- gnment Saved to this PC V n Layout References ens: On United States Search (Alt+Q) Mailings Review Don't renew MFN status with the Lewis Kingdom Renew MFN status with the Lewis Kingdom Accessibility: Investigate View Help Lewis Kingdom Impose trade sanctions against U.S. firms U.S. trade value - $65 b L.K. trade value - $75 b U.S. trade value - $35 b L.K. trade value- $285 b × (L.K.) Do not impose trade sanctions against U.S. firms U.S. trade value - $140 b L.K. trade value = $5 b U.S. trade value - $130 b L.K. trade value-$275 b a) Does the U.S. have a dominant strategy? Why or why not? b) Does the Lewis Kingdom have a dominant strategy? Why or why not? c) What is the Nash equilibrium in this game? d) Is this game a version of the prisoners' dilemma game? Why? [] monica D FocusWhat is the importance of tourism industry in the global economy?What are the Relationship between Foreign Resource and import
- Which phrase best completes the diagram? Globalization OA. Improved incomes for poor people in all countries B. More unequal distribution of natural resources C. Decreased demand for natural resources D. Decreased competition for small businessesTrade Elasticity is of great importance to economics of shipping because it is an indicator of: a. Changing patterns in GNP and its impact on trade b. Structural shifts in economies which impact on trade c. Disparity in regions and their need to trade d. Patterns in economic growth and trends in trade Only typed answer and don't use chat gpt to solveHow big are exports and imports as a percentage of current GDP?
- focus on the protection of infant industries rationale for limiting imports. Do you agree or disagree with this rationale? why or why not?Why are many goods sold in the United States produced overseas, often in several counties? a. There are no tariffs on imports to the United States. b. It results in much lower prices for consumers. c. Overseas production is better for the environment. d. It reduces the U.S. trade deficit.For part E how do I tell what country will import and export?
- Question Match the term to its correct definition. Column A 1. 2. 3. 4. 5. f 6. Asia-Pacific Economic Cooperation (APEC) European Union International Trade Agreements North American Free Trade Agreement (NAFTA) O a O b O c Od Protectionism United Nations (UN) What happens when a nation's currency depreciates? Its products become cheaper to other nations. Its trade decreases. Its trade increases. Its products become more expensive to other nations. Question 3 (1 point) Column B a. A trade agreement between the United States, Mexico, and Canada established in 1994 and renegotiated as the United States-Mexico-Canada agreement. b. A political and diplomatic organization established to promote economic and social cooperation between nations. c. Multinational agreements on trade conditions. d. A political and economic union of European states. e. An economics forum consisting of 21 countries in the Asia-Pacific region. f. The concept of protecting a country's domestic industries from foreign…Explain the regionalism vs globalizationWill nations that are more involved in foreign trade tend to have higher trade imbalances, lower trade imbalances, or is the pattern unpredictable?