Venezuela is a producer of heavy crude which is more expensive to produce than light crude. 

All of the following are examples of natural resources: trees, lumber used in houses, petroleum, and gasoline.

When a country is more attractive for investments, we know that: (check all that apply) 

When we reflect on NAFTA, the most concern has been expressed about which country’s participation in the agreement?

It is not a good policy goal to run a trade deficit…we prefer trade surpluses. When trade deficits exist, we should alter our trade strategy. 

The exchange rate bewteen the USD and Guatemalan Quetzal was $.132/Qz but then changed to $.141/Qz. This shows a weakening of the Guatemalan Quetzal against the USD. 

Country X has a gini coefficient of .19 and from this we can infer that: 

Both tariffs and quotas have the same effect…they will increase the supply of the import. 

In order to maximize the “economic pie”…tasks should be divided based on: 

The interdependence in the EMU between the small, weaker nations and the large, stable nations meant that irresponsible behavior of countries like Greece and Italy could impact countries like Germany.