last question is either yes or no for choices ..please answer all sections

Sol,- United States... Identity Manager D... CENGAGE | MINDTAP Q Search t Homework (Ch 08) Suppose that with free trade, the cost to the United States of importing a shirt from Mexico is $15.00, and the cost of importing a shirt from China is $12.00. A shirt produced in the United States costs $20.00. Suppose further that before NAFTA, the United States maintained a tariff of 50% against all shirt imports. Then, under NAFTA, all tariffs between Mexico and the United States are removed, while the tariff against imports from China remains in effect. Assume that the tariff does not affect the world price of shirts. In the following table, indicate which country the United States imported shirts from before NAFTA. Then indicate which country the United States imported shirts from under NAFTA. Check all that apply. (Note: Leave the row blank if the United States doesn't import from either country.) United States Imports from . . . Scenario Mexico China Before NAFTA O Under NAFTA Stakeholder Gains Loses Neither Gains nor Loses U.S. government O O O Chinese producers O O O Consumers in the United O O creation Mexican producers O O diversion This is an example of trade resulting from a regional agreement. Attempts Average / 1 5. Membership in the European Monetary Union Suppose that applying for membership in the European Monetary Union (EMU) is expensive, so three hypothetical countries, Kipr, Polsha, and Letvonia, have come to you with their relevant data and want advice on if they should apply to join the EMU. Suppose that the average inflation rate of the three European countries with the lowest inflation rates is 3.0%, and the average long-term interest rate of those countries is 3.2%. Evaluate the characteristics of Kipr, Polsha, and Letvonia presented in the following table using the Maastricht convergence criteria. Then, complete the bottom row by identifying whether each country is eligible to become an EMU member. Criteria Kipr Polsha Letvonia Inflation 4.5% 4.0% 1.1% Long-term interest rates 5.0% 4.0% 3.0% Exchange rates Last devaluated three years ago Stable Stable Budget deficit 2.5% of GDP 2.1% of GDP 2.2% of GDP Debt outstanding 44% of GDP 45% of GDP 53% of GDP Qualifies to enter the EMU? Grade It Now Save & Continue