Question 1

Describe the fair trade network and how it is different from free trade.

Accepted Answer

The fair trade network seeks more struct

Question 2

Economist Ha-Joon Chang argues that a developing country must "defy comparative advantage."

Accepted Answer

A) True 
 B)False

Question 3

From $1.4 trillion in 1990, what was the total value of world exports of merchandise trade in 2018?

Accepted Answer

A)  Less than $10 trillion 
B)  Between $10 and 12 trillion 
C)  Between $12 and 14 trillion 
D)  Between $15 and 16 trillion 
E)  Between $17 and 19 trillion 
A)  Less than $10 trillion 
B)  Between $10 and 12 trillion 
C)  Between $12 and 14 trillion 
D)  Between $15 and 16 trillion 
E)  Between $17 and 19 trillion

Question 4

Why is the evidence of sharp inequality in China a cautionary tale for proponents of the Rise of the South?

Accepted Answer

While China has posted major economic an

Question 5

The decades of neoliberal policies since the 1980s correlate to reduced indicators of human well-being.

Accepted Answer

A) True 
 B)False

Question 6

Why have free trade mechanisms been ineffective at evenly eliminating trade barriers?

Accepted Answer

If free trade mechanisms are not effecti

Question 7

International Coffee Agreement (ICA) was formed in 1989.

Accepted Answer

A) True 
 B)False

Question 8

Why can it be said that free trade is a related to power/knowledge regimes?

Accepted Answer

If we accept the premise that the array

Question 9

Can a nation's economic and social policies create absolute advantage?

Accepted Answer

A)  Yes, if they create the conditions for efficient production relative to competitors. 
B)  Yes, if they create the conditions for more production. 
C)  No, if they create the conditions for efficient production relative to competitors. 
D)  Yes, because they know how create the conditions for efficient production relative to competitors. 
E)  No, since they cannot create the conditions for efficient production relative to competitors. 
A)  Yes, if they create the conditions for efficient production relative to competitors. 
B)  Yes, if they create the conditions for more production. 
C)  No, if they create the conditions for efficient production relative to competitors. 
D)  Yes, because they know how create the conditions for efficient production relative to competitors. 
E)  No, since they cannot create the conditions for efficient production relative to competitors.

Question 10

According to neoliberal doctrine, state intervention in the economy leads to which of the following?

Accepted Answer

A)  Greater efficiency 
B)  Inefficiency 
C)  The formation of unions and trade lobbies 
D)  Greater individual liberty 
E)  Increased competition 
A)  Greater efficiency 
B)  Inefficiency 
C)  The formation of unions and trade lobbies 
D)  Greater individual liberty 
E)  Increased competition

Question 11

Where can absolute advantage come from?

Accepted Answer

A)  From military supremacy 
B)  From topology 
C)  From geography 
D)  From free trade 
E)  From the state 
A)  From military supremacy 
B)  From topology 
C)  From geography 
D)  From free trade 
E)  From the state

Question 12

According to David McNally, many free trade organizations do not promote which of the following?

Accepted Answer

A)  Fairness 
B)  Free trade 
C)  Trade equity 
D)  Comparative advantage policies 
E)  Fair trade 
A)  Fairness 
B)  Free trade 
C)  Trade equity 
D)  Comparative advantage policies 
E)  Fair trade

Question 13

Why is the World Bank considered to be a power/knowledge regime?

Accepted Answer

The World Bank produces a large volume o

Question 14

The World Trade Organization began operations in 1978.

Accepted Answer

A) True 
 B)False

Question 15

How does St Vincent and Grenadines represent a possible positive impact of the Rise of the South?

Accepted Answer

In the wake of declining preferential su

Question 16

Why does David McNally argue "free trade" is ostensibly anything but focused on "free" trade?

Accepted Answer

If free trade mechanisms are not effecti

Question 17

What is meant by absolute advantage?

Accepted Answer

A)  To produce a unit of goods as efficiently as any other country 
B)  To produce a unit of goods more efficiently using more labour than another country 
C)  To produce a unit of goods less efficiently using more labour than another country 
D)  To produce a unit of goods inefficiently using less labour than another country 
E)  To produce a unit of goods more efficiently using less labour than another country 
A)  To produce a unit of goods as efficiently as any other country 
B)  To produce a unit of goods more efficiently using more labour than another country 
C)  To produce a unit of goods less efficiently using more labour than another country 
D)  To produce a unit of goods inefficiently using less labour than another country 
E)  To produce a unit of goods more efficiently using less labour than another country

Question 18

Fair trade is defined as the project of product certification.

Accepted Answer

A) True 
 B)False

Question 19

Free trade agreements tend to do what?

Accepted Answer

A)  Compliment the broader economic and social policies of states 
B)  Disregard the broader economic and social policies of states 
C)  Remain detached from broader economic and social policies of states 
D)  Intrude on the broader economic and social policies of states 
E)  None of the above 
A)  Compliment the broader economic and social policies of states 
B)  Disregard the broader economic and social policies of states 
C)  Remain detached from broader economic and social policies of states 
D)  Intrude on the broader economic and social policies of states 
E)  None of the above

Question 20

Discuss how UNCTAD was established to make trade fairer.

Accepted Answer

Disillusionment with poor economic growt

Exam 16: Free Trade, Fair Trade, and South-South Trade

Describe the fair trade network and how it is different from free trade.

Economist Ha-Joon Chang argues that a developing country must "defy comparative advantage."

From $1.4 trillion in 1990, what was the total value of world exports of merchandise trade in 2018?

Why is the evidence of sharp inequality in China a cautionary tale for proponents of the Rise of the South?

The decades of neoliberal policies since the 1980s correlate to reduced indicators of human well-being.

Why have free trade mechanisms been ineffective at evenly eliminating trade barriers?

International Coffee Agreement (ICA) was formed in 1989.

Why can it be said that free trade is a related to power/knowledge regimes?

Can a nation's economic and social policies create absolute advantage?

According to neoliberal doctrine, state intervention in the economy leads to which of the following?

Where can absolute advantage come from?

According to David McNally, many free trade organizations do not promote which of the following?

Why is the World Bank considered to be a power/knowledge regime?

The World Trade Organization began operations in 1978.

How does St Vincent and Grenadines represent a possible positive impact of the Rise of the South?

Why does David McNally argue "free trade" is ostensibly anything but focused on "free" trade?

What is meant by absolute advantage?

Fair trade is defined as the project of product certification.

Free trade agreements tend to do what?

Discuss how UNCTAD was established to make trade fairer.

What Is Development? From Economic Growth to the Sustainable Development Goals

Imperialism and the Colonial Experience

Theories of Development Economics

The Critical Political Economy of Development

Post-development and Alternatives to Development

Gender and Development: Theoretical Insights and International Commitments

Globalization and Development

State of the State: Does the State Have a Role in Development?

National Development Agencies and Bilateral Aid

The International Financial Institutions

The United Nations and Multilateral Actors in Development

Private Enterprise and Development

Civil Society and Development

China and the Emerging Economies

Debt and Development

Democracy

Climate Change, Environment, and Development

Rural Development

Urban Development: Cities in the Global South

Development and Health

Conflict and Development

Refugees and International Development Policy and Practice

Indigenous Community Economic Resilience

Culture and Development

Measuring and Evaluating Poverty

Inequality and Social Policy

Planning and Appraising Development Projects

Humanitarian Assistance and Intervention

Ethics of Development, by Des Gasper

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