The United States imports tomatoes from Mexico. This trade ____ US total surplus and ____ Mexico’s total surplus.

2. How does a tariff on an imported good affect domestic consumers of the good, domestic producers of the good, and the overall domestic economy? (No need to be overly technical; tell the effect of the tariff, and whether this effect makes domestic consumers of the good, domestic producers of the good, and the overall domestic economy better off or worse off.)

6. The balance of payments has three accounts—the current account, the capital account, and the financial account. Discuss what is included in the current account and the financial account. If the capital account is zero, what does that imply for the current account and the financial account?

9. Gulfport Mississippi invested millions of dollars after Katrina rebuilding their port and airport in an effort to attract shipping companies’ imports. However, this effort failed when it comes to imports of cut flowers. According to Ms. Boldt, explain why Gulfport’s efforts failed.

Balance of Trade/Exchange Rate

FCPA

Exports make domestic consumers ____ off and make domestic producers ____ off.

1. What is comparative advantage? How does it affect trade?

Which of the following is NOT an FCPA violation?

A person is turning their head to the right to place their jacket on the right top shelf of a closet. What combined motions occur in the lower cervical spine: