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Chapter 16 (International Trade (Danger of international piece, Increase…
Chapter 16
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Misery Index
an economic indicator, created by Arthur Okun
Misery Index Score
U.S. Misery Index
High: 21.98, June 1980
Current: 7.3, January 2107
Low: 2.97, July 1953
European Union
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European Flag
Belgium, France Italy,Luxembourg, Netherlands, and West Germany are the first countries join
Nafta
Nafta includes Mexico, Canada, and the U.S.
Nafta Nations
From 1993-2007, trade among Nafta nations tripled
Comparative Advantage
Example
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