Question 1

For which region of the world do agricultural exports constitute the largest share of its overall merchandise exports?

Accepted Answer

A)  South and Central America 
B)  Africa 
C)  The Middle East 
D)  Asia 
A)  South and Central America 
B)  Africa 
C)  The Middle East 
D)  Asia A

Question 2

A mercantilist would most likely agree with which of the following statements about trade?

Accepted Answer

A)  Specialization in comparative advantage benefits all the parties engaged in trade. 
B)  A persistent trade surplus will significantly harm a country. 
C)  A country that liberalizes trade will enjoys higher rates of economic growth. 
D)  Trade rules should be grounded in the principle of most favored nation treatment. 
E)  None of the above 
A)  Specialization in comparative advantage benefits all the parties engaged in trade. 
B)  A persistent trade surplus will significantly harm a country. 
C)  A country that liberalizes trade will enjoys higher rates of economic growth. 
D)  Trade rules should be grounded in the principle of most favored nation treatment. 
E)  None of the above E

Question 3

Compare the views of mercantilists, economic liberals, structuralists, and constructivists on trade. (Note: think about the tension between the politics and economics of trade.)

Accepted Answer

Mercantilists, economic liberals, structuralists, and constructivists have different views on trade, reflecting the tension between the politics and economics of trade.

Mercantilists believe that a country's wealth is determined by its accumulation of precious metals, and they advocate for policies such as tariffs and subsidies to promote exports and limit imports. They view trade as a zero-sum game, where one country's gain is another's loss, and prioritize national interests over global cooperation.

Economic liberals, on the other hand, argue for free trade and minimal government intervention in the economy. They believe that trade benefits all parties involved and leads to overall economic growth. They prioritize efficiency and consumer welfare over protectionist policies, and advocate for open markets and the removal of trade barriers.

Structuralists take a more critical approach to trade, focusing on the unequal distribution of power and resources in the global economy. They argue that trade can perpetuate and exacerbate existing inequalities, and advocate for policies that address these structural imbalances. They emphasize the need for fair and equitable trade relationships, and may support measures such as trade diversification and industrial policy.

Constructivists view trade as a social and political construct, shaped by norms, ideas, and institutions. They emphasize the role of non-economic factors in shaping trade relationships, such as culture, identity, and historical legacies. Constructivists may argue that trade policies should be designed to promote peace, cooperation, and mutual understanding among nations, and may prioritize issues such as human rights and environmental sustainability in trade agreements.

Overall, the views of these different perspectives on trade reflect the tension between the politics and economics of trade, with differing priorities and approaches to addressing the complex challenges and opportunities presented by international trade.

Question 4

All of the following are inconsistent with true free trade principles except

Accepted Answer

A)  Special and differential treatment 
B)  Reciprocity 
C)  Export subsidies 
D)  Voluntary export restraints 
A)  Special and differential treatment 
B)  Reciprocity 
C)  Export subsidies 
D)  Voluntary export restraints

Question 5

A measure that restricts the quantity of an item that can be brought into a country is called

Accepted Answer

A)  a tariff. 
B)  an import quota. 
C)  an export quota. 
D)  a duty. 
A)  a tariff. 
B)  an import quota. 
C)  an export quota. 
D)  a duty.

Question 6

Which of the following statements about trade is false?

Accepted Answer

A)  Trade generates political, economic, and social interdependencies between nations. 
B)  Most countries export more of the goods they produce than they consume at home. 
C)  Trade as percentage of world GDP is higher in 2016 than it was in 1990. 
D)  Increased trade reflects the internationalization of production. 
A)  Trade generates political, economic, and social interdependencies between nations. 
B)  Most countries export more of the goods they produce than they consume at home. 
C)  Trade as percentage of world GDP is higher in 2016 than it was in 1990. 
D)  Increased trade reflects the internationalization of production.

Question 7

By the middle of 2018, President Trump had implemented all the trade measures below except

Accepted Answer

A)  withdrawing the United States from NAFTA 
B)  withdrawing the United States from the Trans-Pacific Partnership 
C)  imposing a duty on imports of aircraft manufactured by Bombardier in Canada 
D)  starting negotiations with South Korea to revise the Korea-United States Free Trade Agreement 
A)  withdrawing the United States from NAFTA 
B)  withdrawing the United States from the Trans-Pacific Partnership 
C)  imposing a duty on imports of aircraft manufactured by Bombardier in Canada 
D)  starting negotiations with South Korea to revise the Korea-United States Free Trade Agreement

Question 8

Some IPE scholars argue that free trade can lead to unfair or negative effects in society. Explain their views and give examples that seem to support their arguments.

Accepted Answer

Some IPE scholars argue that free trade

Question 9

What do Autor, Dorn, and Hanson believe are some major effects on the United States of trade shocks from imports of Chinese goods?

Accepted Answer

Autor, Dorn, and Hanson believe that som

Question 10

Outline key reasons for increased trade protectionism in the 1970s, the first half of the 1980s, and since 2015.

Accepted Answer

The key reasons for increased trade prot

Question 11

Which country is the world's largest exporter of commercial services?

Accepted Answer

A)  Japan 
B)  Germany 
C)  The United Kingdom 
D)  The United States 
A)  Japan 
B)  Germany 
C)  The United Kingdom 
D)  The United States

Question 12

What explanations do Muzaka, Bishop, Wolfe, and Hopewell offer for the failure of the Doha Round? Do developed or developing countries deserve most of the blame for the Round's failure?

Accepted Answer

Muzaka, Bishop, Wolfe, and Hopewell offe

Question 13

The two main components of nondiscrimination in the GATT agreement are

Accepted Answer

A)  special and differential treatment. 
B)  reciprocity and mutuality. 
C)  national treatment and most favored nation treatment. 
D)  multilateralism and sovereignty. 
A)  special and differential treatment. 
B)  reciprocity and mutuality. 
C)  national treatment and most favored nation treatment. 
D)  multilateralism and sovereignty.

Question 14

Which of the following bodies is sanctioned to adjudicate trade disagreements between WTO members.

Accepted Answer

A)  dispute settlement panel 
B)  the International Court of Justice 
C)  TRIPS 
D)  G20 
E)  none of the above 
A)  dispute settlement panel 
B)  the International Court of Justice 
C)  TRIPS 
D)  G20 
E)  none of the above

Question 15

What are the differences between "at-the-border" and "behind-the-border" trade rules? Give examples of both. Why are behind-the-border rules often more politically difficult for states to agree on?

Accepted Answer

"At-the-border" trade rules refer to reg

Question 16

Which country or region has the highest share of global merchandise exports?

Accepted Answer

A)  China 
B)  The United States 
C)  The European Union 
D)  Latin America and the Caribbean 
A)  China 
B)  The United States 
C)  The European Union 
D)  Latin America and the Caribbean

Question 17

The economic liberal view of trade as a positive sum game is based in part on the theory of comparative advantage. Define comparative advantage and discuss its relationship to international differences in opportunity costs. Why do all nations supposedly gain when trade takes place according to comparative advantage?

Accepted Answer

Comparative advantage is a theory that s

Question 18

Technically, the United States has a comparative advantage over the European Union in the production of commercial aircraft if

Accepted Answer

A)  the U.S. can produce more airplanes than can the EU. 
B)  the U.S. can produce bigger airplanes than can the EU. 
C)  production of airplanes in the U.S. requires less sacrifice of other goods than would similar airplane production in the EU. 
D)  the U.S. market for airplanes is larger than the EU market. 
A)  the U.S. can produce more airplanes than can the EU. 
B)  the U.S. can produce bigger airplanes than can the EU. 
C)  production of airplanes in the U.S. requires less sacrifice of other goods than would similar airplane production in the EU. 
D)  the U.S. market for airplanes is larger than the EU market.

Question 19

What are some potential public health consequences of trade liberalization?

Accepted Answer

Trade liberalization can have several po

Question 20

Which of the following is a basic principle of the GATT?

Accepted Answer

A)  freer trade in agricultural goods 
B)  nondiscrimination 
C)  preferential access 
D)  strategic trade 
A)  freer trade in agricultural goods 
B)  nondiscrimination 
C)  preferential access 
D)  strategic trade

For which region of the world do agricultural exports constitute the largest share of its overall merchandise exports?

A mercantilist would most likely agree with which of the following statements about trade?

Compare the views of mercantilists, economic liberals, structuralists, and constructivists on trade. (Note: think about the tension between the politics and economics of trade.)

All of the following are inconsistent with true free trade principles except

A measure that restricts the quantity of an item that can be brought into a country is called

Which of the following statements about trade is false?

By the middle of 2018, President Trump had implemented all the trade measures below except

Some IPE scholars argue that free trade can lead to unfair or negative effects in society. Explain their views and give examples that seem to support their arguments.

What do Autor, Dorn, and Hanson believe are some major effects on the United States of trade shocks from imports of Chinese goods?

Outline key reasons for increased trade protectionism in the 1970s, the first half of the 1980s, and since 2015.

Which country is the world's largest exporter of commercial services?

What explanations do Muzaka, Bishop, Wolfe, and Hopewell offer for the failure of the Doha Round? Do developed or developing countries deserve most of the blame for the Round's failure?

The two main components of nondiscrimination in the GATT agreement are

Which of the following bodies is sanctioned to adjudicate trade disagreements between WTO members.

What are the differences between "at-the-border" and "behind-the-border" trade rules? Give examples of both. Why are behind-the-border rules often more politically difficult for states to agree on?

Which country or region has the highest share of global merchandise exports?

Technically, the United States has a comparative advantage over the European Union in the production of commercial aircraft if

What are some potential public health consequences of trade liberalization?

Which of the following is a basic principle of the GATT?

What Is International Political Economy

Laissez-Faire: the Economic Liberal Perspective

Wealth and Power: the Mercantilist Perspective

Economic Determinism and Exploitation: the Structuralist Perspective

Constructivism

The Global Production Structure

The International Finance and Monetary Structure

The Global Security Structure

The International Knowledge Structure: Controlling Flows of Information and Technology

The Development Challenge

The Fragmentation of the European Union: the Crossroads Redux

Moving Into Position: the Rising Powers

The Middle East and North Africa: Things Fall Apart

The Illicit Global Economy: the Dark Side of Globalization

Energy and the Environment: Navigating Climate Change and Global Disaster

Global Health: Refugees and Caring for the Forgotten

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Exam 7: The International Trade Structure

For which region of the world do agricultural exports constitute the largest share of its overall merchandise exports?

A mercantilist would most likely agree with which of the following statements about trade?

Compare the views of mercantilists, economic liberals, structuralists, and constructivists on trade. (Note: think about the tension between the politics and economics of trade.)

All of the following are inconsistent with true free trade principles except

A measure that restricts the quantity of an item that can be brought into a country is called

Which of the following statements about trade is false?

By the middle of 2018, President Trump had implemented all the trade measures below except

Some IPE scholars argue that free trade can lead to unfair or negative effects in society. Explain their views and give examples that seem to support their arguments.

What do Autor, Dorn, and Hanson believe are some major effects on the United States of trade shocks from imports of Chinese goods?

Outline key reasons for increased trade protectionism in the 1970s, the first half of the 1980s, and since 2015.

Which country is the world's largest exporter of commercial services?

What explanations do Muzaka, Bishop, Wolfe, and Hopewell offer for the failure of the Doha Round? Do developed or developing countries deserve most of the blame for the Round's failure?

The two main components of nondiscrimination in the GATT agreement are

Which of the following bodies is sanctioned to adjudicate trade disagreements between WTO members.

What are the differences between "at-the-border" and "behind-the-border" trade rules? Give examples of both. Why are behind-the-border rules often more politically difficult for states to agree on?

Which country or region has the highest share of global merchandise exports?

Technically, the United States has a comparative advantage over the European Union in the production of commercial aircraft if

What are some potential public health consequences of trade liberalization?

Which of the following is a basic principle of the GATT?

What Is International Political Economy

Laissez-Faire: the Economic Liberal Perspective

Wealth and Power: the Mercantilist Perspective

Economic Determinism and Exploitation: the Structuralist Perspective

Constructivism

The Global Production Structure

The International Finance and Monetary Structure

The Global Security Structure

The International Knowledge Structure: Controlling Flows of Information and Technology

The Development Challenge

The Fragmentation of the European Union: the Crossroads Redux

Moving Into Position: the Rising Powers

The Middle East and North Africa: Things Fall Apart

The Illicit Global Economy: the Dark Side of Globalization

Energy and the Environment: Navigating Climate Change and Global Disaster

Global Health: Refugees and Caring for the Forgotten

Filters