1. What is a trading bloc and a trade concentration ratio, and does it make sense that trade concentration ratios should be greater than +1?
2. What kind of trading bloc is NAFTA and how has it influenced trade within the bloc?
3. In terms of trading bolc characteristics, how does the EU compare with the 50 States in the U.S.?
4. What is the difference between trade creation, trade diversion, and trade deflection and, given the fact that the volume of world trade is increasing, how would you rank their relative importance?
5. What is MFN status and does the U.S. extend MFN status to China?
6. What is multilateralism and how has it been influenced by trade regulation and regional trade bolcs?
7. Is the Port of Catoosa a regional trade bloc?