Exam 9: World Politics: Trade and Investment

List the caveats to free trade and the liberal approach to the global economy.

The _____________ perspective suggests that international trade benefits all when those seeking their own self-interest lead to a healthier economic system for all.

Which U.S. industry has brought antidumping suits against foreign producers before the U.S. Department of Commerce and the International Trade Commission over the past two decades?

Define and explain the benefit of a fixed exchange rate.

Briefly explain why currency markets are relatively unstable and unpredictable.

The advantage of a fixed exchange rate system is

Define balance of trade, and differentiate between a trade surplus and a trade deficit.

Which nation dominates in the realm of information technology?

Subsidies are designed to help domestic industries by

Define and explain the benefit of a floating exchange rate. What is one disadvantage?

Define bonds and explain their significance.

____________ refers to exporting a product at below the cost of production and shipping.

Why is technology important to a state's economic power?

Briefly explain the constructivist approach to the global economy.

Differentiate between tariffs and NTBs.

Differentiate between GNI and GNP. Why is GNI a preferred measure of economic power?

A restaurant owner in the United States purchases five crates of wine from a French wine maker for $500 in May. In June, the same five crates of wine cost $700. The international system is operating under a

Speculation in currency markets in 1997-1998 contributed to the collapse of all but which of the following nation's currencies?

Which country moved from a budget surplus in 2001 to a budget deficit by 2005?

Explain why countries (both developed and developing) continue to pursue protectionist economic policies.