Question 1

The end of the Cold War lessened trade disputes among the United States, Europe and Japan.

Accepted Answer

A) True 
 B)False  False

Question 2

One of the recurring issues in thinking about international relations generally is the distinction between domestic and international politics.How is this debate reflected in debates over the desirability of free trade?

Accepted Answer

The debate over the desirability of free trade reflects the distinction between domestic and international politics in several ways.

On the domestic front, proponents of free trade argue that it can lead to economic growth, job creation, and lower prices for consumers. They emphasize the benefits of increased competition and access to a wider range of goods and services. However, opponents of free trade often raise concerns about the potential negative impact on domestic industries and workers, particularly in industries that may face increased competition from foreign producers. They argue that free trade agreements can lead to job losses and lower wages for workers, as well as potential harm to the environment and public health.

On the international front, the debate over free trade reflects broader questions about sovereignty and the balance of power between nations. Proponents of free trade argue that it can promote peace and cooperation between countries, as well as economic development and poverty reduction in the global south. They emphasize the potential for mutual benefit and the importance of interconnected global markets. However, opponents of free trade often raise concerns about the potential for exploitation and unequal power dynamics between nations. They argue that free trade agreements can benefit wealthier countries at the expense of poorer ones, and can perpetuate global inequality and dependency.

Overall, the debate over the desirability of free trade reflects the tension between domestic and international interests, as well as broader questions about power, inequality, and cooperation in the international system.

Question 3

Friedrich List

Accepted Answer

A) argued for repeal of the Corn Laws. 
B) rejected free trade in all instances. 
C) was instrumental in creating the LIEO. 
D) thought free trade could sometimes harm national interests. 
A) argued for repeal of the Corn Laws. 
B) rejected free trade in all instances. 
C) was instrumental in creating the LIEO. 
D) thought free trade could sometimes harm national interests. D

Question 4

David Ricardo is famous for his theory of comparative advantage.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following was a motivating factor for the establishment of the liberal international economic order?

Accepted Answer

A) The end of the Cold War 
B) World War I 
C) A belief in its universal benefits 
D) Decolonization 
A) The end of the Cold War 
B) World War I 
C) A belief in its universal benefits 
D) Decolonization

Question 6

Which of the following points is NOT usually part of the arguments against free trade?

Accepted Answer

A) Free trade leads to economic inefficiency. 
B) Free trade neglects the security dimensions of economic dependence. 
C) The interests of the wider community are often sacrificed for the short-terms interests of consumers. 
D) Free trade ignores non-economic values that should be included when evaluating the impact of trade. 
A) Free trade leads to economic inefficiency. 
B) Free trade neglects the security dimensions of economic dependence. 
C) The interests of the wider community are often sacrificed for the short-terms interests of consumers. 
D) Free trade ignores non-economic values that should be included when evaluating the impact of trade.

Question 7

The assumption that the interests of individual consumers are consistent with the interests of the larger society and nation

Accepted Answer

A) is an integral part of the case for free trade. 
B) is an integral part of the case against free trade. 
C) was advanced by Friedrich List. 
D) was rejected by David Ricardo. 
A) is an integral part of the case for free trade. 
B) is an integral part of the case against free trade. 
C) was advanced by Friedrich List. 
D) was rejected by David Ricardo.

Question 8

Dumping and predatory pricing

Accepted Answer

A) might be components of strategic trade policy. 
B) were favored by David Ricardo. 
C) are promoted by the WTO. 
D) were denounced by Friedrich List. 
A) might be components of strategic trade policy. 
B) were favored by David Ricardo. 
C) are promoted by the WTO. 
D) were denounced by Friedrich List.

Question 9

Trade barriers are greater within the European Union than with the rest of the world.

Accepted Answer

A) True 
 B)False

Question 10

Strategic trade policy

Accepted Answer

A) is consistent with the theory of comparative advantage. 
B) tries to create economic dependencies. 
C) was advocated by David Ricardo. 
D) is central to the Liberal International Economic Order. 
A) is consistent with the theory of comparative advantage. 
B) tries to create economic dependencies. 
C) was advocated by David Ricardo. 
D) is central to the Liberal International Economic Order.

Question 11

What do you see as the major strengths and weaknesses of the case for free trade?

Accepted Answer

The major strengths of the case for free

Question 12

The three major institutions of the current liberal international economic order are _________________________, _______________________ and ________________.

Accepted Answer

World Bank

Question 13

Free riders restrict access to their markets while enjoying access to foreign markets.

Accepted Answer

A) True 
 B)False

Question 14

Since World War II, most nations have practiced free and open trade for the first time.

Accepted Answer

A) True 
 B)False

Question 15

A _________________________ policy might seeks to make other states dependent by selling products at a loss to drive their industries out of business.

Accepted Answer

The answer of A _________________________ policy might seeks to make...

Question 16

David Ricardo is best known for his theory of ________________________.

Accepted Answer

comparativ

Question 17

A ____________________ situation is one in which it is possible for all parties to benefit simultaneously, whereas in a _________________ situation one person's gain comes at the expense of another person's loss.

Accepted Answer

positive-s

Question 18

Friedrich List argued that nations should always obtain what they need from abroad if it is cheaper than producing it domestically.

Accepted Answer

A) True 
 B)False

Question 19

Friedrich List thought nations need to worry about the political consequences of becoming economically dependent on others.

Accepted Answer

A) True 
 B)False

Question 20

A situation in which one person's loss is another person's gain is often described as

Accepted Answer

A) comparative advantage. 
B) zero-sum. 
C) positive-sum. 
D) realism. 
A) comparative advantage. 
B) zero-sum. 
C) positive-sum. 
D) realism.

The end of the Cold War lessened trade disputes among the United States, Europe and Japan.

One of the recurring issues in thinking about international relations generally is the distinction between domestic and international politics.How is this debate reflected in debates over the desirability of free trade?

Friedrich List

David Ricardo is famous for his theory of comparative advantage.

Which of the following was a motivating factor for the establishment of the liberal international economic order?

Which of the following points is NOT usually part of the arguments against free trade?

The assumption that the interests of individual consumers are consistent with the interests of the larger society and nation

Dumping and predatory pricing

Trade barriers are greater within the European Union than with the rest of the world.

Strategic trade policy

What do you see as the major strengths and weaknesses of the case for free trade?

The three major institutions of the current liberal international economic order are _____________, _ and ______.

Free riders restrict access to their markets while enjoying access to foreign markets.

Since World War II, most nations have practiced free and open trade for the first time.

A _________________________ policy might seeks to make other states dependent by selling products at a loss to drive their industries out of business.

David Ricardo is best known for his theory of ________________________.

A ____ situation is one in which it is possible for all parties to benefit simultaneously, whereas in a _ situation one person's gain comes at the expense of another person's loss.

Friedrich List argued that nations should always obtain what they need from abroad if it is cheaper than producing it domestically.

Friedrich List thought nations need to worry about the political consequences of becoming economically dependent on others.

A situation in which one person's loss is another person's gain is often described as

Change and Continuity in International History

Contending Perspectives on International Politics

Power Politics

War and Democracy

War and Human Nature

The Imf, Global Inequality, and Development

Globalization and Sovereignty

International Law

The United Nations and Humanitarian Intervention

Nuclear Proliferation

International Terrorism

The Global Commons Index

Filters

Exam 6: Free Trade

The end of the Cold War lessened trade disputes among the United States, Europe and Japan.

One of the recurring issues in thinking about international relations generally is the distinction between domestic and international politics.How is this debate reflected in debates over the desirability of free trade?

Friedrich List

David Ricardo is famous for his theory of comparative advantage.

Which of the following was a motivating factor for the establishment of the liberal international economic order?

Which of the following points is NOT usually part of the arguments against free trade?

The assumption that the interests of individual consumers are consistent with the interests of the larger society and nation

Dumping and predatory pricing

Trade barriers are greater within the European Union than with the rest of the world.

Strategic trade policy

What do you see as the major strengths and weaknesses of the case for free trade?

The three major institutions of the current liberal international economic order are _________________________, _______________________ and ________________.

Free riders restrict access to their markets while enjoying access to foreign markets.

Since World War II, most nations have practiced free and open trade for the first time.

A _________________________ policy might seeks to make other states dependent by selling products at a loss to drive their industries out of business.

David Ricardo is best known for his theory of ________________________.

A ____________________ situation is one in which it is possible for all parties to benefit simultaneously, whereas in a _________________ situation one person's gain comes at the expense of another person's loss.

Friedrich List argued that nations should always obtain what they need from abroad if it is cheaper than producing it domestically.

Friedrich List thought nations need to worry about the political consequences of becoming economically dependent on others.

A situation in which one person's loss is another person's gain is often described as

Change and Continuity in International History

Contending Perspectives on International Politics

Power Politics

War and Democracy

War and Human Nature

The Imf, Global Inequality, and Development

Globalization and Sovereignty

International Law

The United Nations and Humanitarian Intervention

Nuclear Proliferation

International Terrorism

The Global Commons Index

Filters

The three major institutions of the current liberal international economic order are _____________, _ and ______.

A ____ situation is one in which it is possible for all parties to benefit simultaneously, whereas in a _ situation one person's gain comes at the expense of another person's loss.