View Insert Format Tools Table Window Help G B ) 11% Sun 12:06 AM Denaeia's Kindle for Mar - Microeconomics Brief Edition AutoSave O OFF A A . C 6 0 9 6 ... . Alisson Cardenas 8 - Saved to my Mac ome Insert Draw Design Layout References Mailings Review View ? Tell me Share Comment Calibri (Bo... * 12 " A" A Aa Ap EVEVEV Paste 3 I Uvab x x A v D v A v Styles Styles Dictate Sensitivity Editor Pane 1.Quantitatively, how important is international trade to the United States relative to its importance to other nations? What country is the United States' most important trading partner, quantitatively? With what country does the United States have the largest current trade deficit? 6. If the European euro were to depreciate relative to the U.S. dollar in the foreign exchange market, would it be easier or harder for the French to sell their wine in the United States? Suppose you were planning a trip to Paris. How would depreciation of the euro change the dollar cost of your trip? 7. What measures do governments take to promote exports and restrict imports? Who benefits and who loses from protectionist policies? What is the net outcome for society? 9. Explain: "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 blocs are good or bad for world trade? Why? How do the efforts of the WTO relate to these trade blocs? + 100% E Focus B