e. Trade Representative: "In an open economy with international trade, government spending is much more effective at fighting recessions than in a closed economy." Evaluate.

Why is there opposition to globalization of trade and integration of the world’s economy? Please assess the major arguments for and against such globalization efforts. (Be sure to review your chapter on this). Hint - a Table might prove useful here.

explain which policies should be adopted by countries to limit the increase of CO2

Complete the following table. Please note that the world price of T in terms of S is 1,2

Look at a country’s Terms of Trade (T.O.T.). It is assumed that when the T.O.T. value increases the country’s wellbeing goes up, and when the T.O.T. value declines, the country’s wellbeing is reduced. Do you agree??? Explain!!!

How can the Big Mac Index be used to make PPP comparisons between countries?

If a country does not engage in trade with other countries, it is known as a. An open economy. b. A trade deficit economy. c. A closed economy. d. A trade surplus economy.

What is the implication of the closed economy on trade?

Please help with the two questions

In what way does comparing a country’s exports to GDP reflect its degree of globalization?