Various forms of regional economic integration
Problem: Discuss the distinguishing features of various forms of regional economic integration, including their benefits and costs. Give recent examples including both developing and more industrialized countires.
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Be sure to read the executive summary and pay particular attention to the graph labeled Economic Freedom and Poverty and the graph labeled Economic Freedom and Economic Growth before you leave the website.
What does the term "Sustainable Growth Rate" mean? Would the amounts you have calculated in parts b. to d. equal the Sustainable Growth Rate for the firm? (My thoughts: I don't have a clue)
You need to back them up with some more specific hard facts and a couple of economic principles that apply to NAFTA. These facts and economic principles have the same implications for free trade in general.
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How might we interpret this statement in terms of cost curves and revenue curves?
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