One of the main principles of the WTO involves reciprocity, an implicit or explicit arrangement for one government to exchange trade policy concessions with another   A. True B. False

1. As measured by the amount of trade it does, has the U.S. economy become more internationalized ? Provide two reasons for this change .

“Free-trade zones such as the EU and NAFTA lead a double life: They can promote free trade among members, but they pose serious trade obstacles for nonmembers.” Do you think the net effects of trade blocks are good or bad for world trade? Why? How do the efforts of the WTO relate to these trade blocks?