Question 1

How does the current free trade regime rate on its "scorecard" compared to the era of fairer trade under embedded liberalism?

Accepted Answer

Free trade policies are still dominant,

Question 2

How is free trade related to hegemony?

Accepted Answer

Free trade is a discourse designed to pr

Question 3

The World Trade Organization is charged with which of the following?

Accepted Answer

A)  Policing and promoting free trade and deregulation 
B)  Ensuring a minimum amount of trade equity between developed and developing countries 
C)  Organizing global trade 
D)  Mediating trade disputes 
E)  The promotion of fair trade policies 
A)  Policing and promoting free trade and deregulation 
B)  Ensuring a minimum amount of trade equity between developed and developing countries 
C)  Organizing global trade 
D)  Mediating trade disputes 
E)  The promotion of fair trade policies

Question 4

Under the International Coffee Agreement (ICA), Costa Rica attained better development gains than countries with highly unequal distribution of land and resources.

Accepted Answer

A) True 
 B)False

Question 5

International Coffee Agreement (ICA) has faced many difficulties, including the persistence of oversupply.

Accepted Answer

A) True 
 B)False

Question 6

How is income distributed under the conditions of gender inequality?

Accepted Answer

A)  The gains from trade are often distributed evenly 
B)  The gains from trade are often distributed unevenly to increase the women's income 
C)  The gains from trade are often distributed unevenly to increase the man's income 
D)  The gains from trade are not distributed unevenly so they increase the man's income 
E)  The gains from trade are distributed only among MNOs 
A)  The gains from trade are often distributed evenly 
B)  The gains from trade are often distributed unevenly to increase the women's income 
C)  The gains from trade are often distributed unevenly to increase the man's income 
D)  The gains from trade are not distributed unevenly so they increase the man's income 
E)  The gains from trade are distributed only among MNOs

Question 7

How have Southern nations been affected by "free trade" policies?

Accepted Answer

Free trade policies are a double-edged s

Question 8

The fair-trade network seeks to prevent co-operatives or unions in developing countries.

Accepted Answer

A) True 
 B)False

Question 9

Describe the impact of COVID-19 on trade.

Accepted Answer

The COVID-19 pandemic included ru?inous

Question 10

Free trade remains the unchallenged discourse on international trade.

Accepted Answer

A) True 
 B)False

Question 11

The United Nations Conference on Trade and Development promoted compensatory financial transfers from North to South through which of the following?

Accepted Answer

A)  Greater transfer of wealth from North to South 
B)  Compensation 
C)  Fairer trade 
D)  Both A and C 
E)  All of the above 
A)  Greater transfer of wealth from North to South 
B)  Compensation 
C)  Fairer trade 
D)  Both A and C 
E)  All of the above

Question 12

Structural adjustment policies proved to be ineffective in solving the debt crisis.

Accepted Answer

A) True 
 B)False

Question 13

STABEX established target prices for fewer than 10 specific products for which the European Community pledged to make up the difference when prices fell below the target.

Accepted Answer

A) True 
 B)False

Question 14

How are countries building advantages based on gender inequality?

Accepted Answer

Research on global supply chains, for in

Question 15

Define and discuss "commodity control schemes."

Accepted Answer

Commodity control schemes are a mechanis

Question 16

What impact, if any, will the "Rise of the South" have on international trade and development?

Accepted Answer

The "Rise of the South" has had major im

Question 17

Structural adjustment programs promoted targeted public spending, protecting vulnerable sectors, and capital controls.

Accepted Answer

A) True 
 B)False

Question 18

How can the limited scope of fair trade be exemplified?

Accepted Answer

While there are many instances of fair t

Question 19

What does the theory of "comparative advantage" hold?

Accepted Answer

A)  Each nation has an economic advantage relative to other nations in terms of purchasing power parity rates. 
B)  Each nation has an economic advantage relative to other nations for the production of some goods. 
C)  Economic advantage comes from producing the most appropriate commodity. 
D)  Historically, Northern countries have held numerous advantages which make it difficult for Southern countries to benefit from the opening up of the world market. 
E)  Some nations will be unable to benefit from an open, globalized market. 
A)  Each nation has an economic advantage relative to other nations in terms of purchasing power parity rates. 
B)  Each nation has an economic advantage relative to other nations for the production of some goods. 
C)  Economic advantage comes from producing the most appropriate commodity. 
D)  Historically, Northern countries have held numerous advantages which make it difficult for Southern countries to benefit from the opening up of the world market. 
E)  Some nations will be unable to benefit from an open, globalized market.

Question 20

A key debate in development circles is the interdependency of free trade and fair trade.

Accepted Answer

A) True 
 B)False

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

How does the current free trade regime rate on its "scorecard" compared to the era of fairer trade under embedded liberalism?

How is free trade related to hegemony?

The World Trade Organization is charged with which of the following?

Under the International Coffee Agreement (ICA), Costa Rica attained better development gains than countries with highly unequal distribution of land and resources.

International Coffee Agreement (ICA) has faced many difficulties, including the persistence of oversupply.

How is income distributed under the conditions of gender inequality?

How have Southern nations been affected by "free trade" policies?

The fair-trade network seeks to prevent co-operatives or unions in developing countries.

Describe the impact of COVID-19 on trade.

Free trade remains the unchallenged discourse on international trade.

The United Nations Conference on Trade and Development promoted compensatory financial transfers from North to South through which of the following?

Structural adjustment policies proved to be ineffective in solving the debt crisis.

STABEX established target prices for fewer than 10 specific products for which the European Community pledged to make up the difference when prices fell below the target.

How are countries building advantages based on gender inequality?

Define and discuss "commodity control schemes."

What impact, if any, will the "Rise of the South" have on international trade and development?

Structural adjustment programs promoted targeted public spending, protecting vulnerable sectors, and capital controls.

How can the limited scope of fair trade be exemplified?

What does the theory of "comparative advantage" hold?

A key debate in development circles is the interdependency of free trade and fair trade.

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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