Question 1

What is protectionism?

Accepted Answer

A) The creation of alliances to ward off threats to a country. 
B) Excessive worry about attacks from other countries. 
C) The use of conscious measures to shield domestic producers from imports. 
D) The use of free trade to improve the efficiency of domestic producers. 
E) The dumping of goods in other countries. 
A) The creation of alliances to ward off threats to a country. 
B) Excessive worry about attacks from other countries. 
C) The use of conscious measures to shield domestic producers from imports. 
D) The use of free trade to improve the efficiency of domestic producers. 
E) The dumping of goods in other countries.

Question 2

Which of the following groups in the United States is most likely to have experienced stagnant or declining wages since the 1970s?

Accepted Answer

A) Workers in a chicken processing plant in Louisiana. 
B) Workers doing computer coding in California's "Silicon Valley." 
C) Film editors in Los Angeles. 
D) Book editors in New York City. 
E) Workers in a pharmacy in Minnesota. 
A) Workers in a chicken processing plant in Louisiana. 
B) Workers doing computer coding in California's "Silicon Valley." 
C) Film editors in Los Angeles. 
D) Book editors in New York City. 
E) Workers in a pharmacy in Minnesota.

Question 3

What is comparative advantage?

Accepted Answer

A) The ability of countries to benefit from specializing in what they do best. 
B) The capacity of some countries to produce everything better than other countries. 
C) The advantage that countries that export many products have over more specialized economies. 
D) The fact that industrialized countries have advanced economies that are comparable. 
E) The benefit that workers in an industrialized country have over workers in a less developed country. 
A) The ability of countries to benefit from specializing in what they do best. 
B) The capacity of some countries to produce everything better than other countries. 
C) The advantage that countries that export many products have over more specialized economies. 
D) The fact that industrialized countries have advanced economies that are comparable. 
E) The benefit that workers in an industrialized country have over workers in a less developed country.

Question 4

When the United States established steel tariffs in 2002,who benefited?

Accepted Answer

A) Steel exporters in other countries. 
B) Consumers in the United States. 
C) Producers in the United States that used steel as an input. 
D) Steel importers in the United States. 
E) Steel exporters in the United States. 
A) Steel exporters in other countries. 
B) Consumers in the United States. 
C) Producers in the United States that used steel as an input. 
D) Steel importers in the United States. 
E) Steel exporters in the United States.

Question 5

Which of the following is a tariff?

Accepted Answer

A) A toll on land and sea traffic entering a country. 
B) A regulation that restricts the type of products that can be imported. 
C) A ban on imports from another country. 
D) A limit to the amount of a foreign good that can be sold in a country. 
E) A tax on imports levied at the border,paid by the importer. 
A) A toll on land and sea traffic entering a country. 
B) A regulation that restricts the type of products that can be imported. 
C) A ban on imports from another country. 
D) A limit to the amount of a foreign good that can be sold in a country. 
E) A tax on imports levied at the border,paid by the importer.

Question 6

What is true of an autarkic state in the example depicted in the figure,where Pw is the world price of a good?

Accepted Answer

A) Protectionism is ideal for the state. 
B) If the state liberalizes,it would be a price setter. 
C) If the state liberalizes,it would be a price taker. 
D) Consumers will be hurt by liberalization. 
E) There are no possible gains from liberalization or further protectionism. 
A) Protectionism is ideal for the state. 
B) If the state liberalizes,it would be a price setter. 
C) If the state liberalizes,it would be a price taker. 
D) Consumers will be hurt by liberalization. 
E) There are no possible gains from liberalization or further protectionism.

Question 7

How does the Stolper-Samuelson theorem explain why some countries are protectionist and others are not?

Accepted Answer

The Stolper-Samuelson theorem explains w

Question 8

Which scenario represents strategic interaction in trade?

Accepted Answer

A) The United States creating a quota on sugar imports,due to lobbying from sugar manufacturers. 
B) The European Union instigating a case against genetically modified organisms in the World Trade Organization to prevent U.S.agricultural imports. 
C) Japan not raising tariffs on U.S.automobiles,as it fears retaliation from the United States. 
D) France creating new tariffs on U.S.goods,due to concerns over domestic production. 
E) Great Britain unilaterally liberalizing its agricultural sector. 
A) The United States creating a quota on sugar imports,due to lobbying from sugar manufacturers. 
B) The European Union instigating a case against genetically modified organisms in the World Trade Organization to prevent U.S.agricultural imports. 
C) Japan not raising tariffs on U.S.automobiles,as it fears retaliation from the United States. 
D) France creating new tariffs on U.S.goods,due to concerns over domestic production. 
E) Great Britain unilaterally liberalizing its agricultural sector.

Question 9

What is trade liberalization?

Accepted Answer

A) Being tolerant of exporting to other countries. 
B) Increasing taxes on manufacturers of exports. 
C) Strengthening government oversight of imports. 
D) Reducing barriers to trade between countries. 
E) Imposing controls on the free flow of goods. 
A) Being tolerant of exporting to other countries. 
B) Increasing taxes on manufacturers of exports. 
C) Strengthening government oversight of imports. 
D) Reducing barriers to trade between countries. 
E) Imposing controls on the free flow of goods.

Question 10

The trade protection that the United States steel industry receives has which of the following effects?

Accepted Answer

A) It raises the cost of steel for American consumers. 
B) It lowers the profits of American steel companies. 
C) It makes American steelworkers' salaries unpredictable. 
D) It leads to less support from the steel industry for the government. 
E) It increases the sales of foreign steel products in the United States. 
A) It raises the cost of steel for American consumers. 
B) It lowers the profits of American steel companies. 
C) It makes American steelworkers' salaries unpredictable. 
D) It leads to less support from the steel industry for the government. 
E) It increases the sales of foreign steel products in the United States.

Question 11

Which of these periods was most characterized by trade liberalization?

Accepted Answer

A) The early to mid-1800s. 
B) The late 1800s until World War I. 
C) During World War I. 
D) Between World War I and World War II. 
E) During World War II. 
A) The early to mid-1800s. 
B) The late 1800s until World War I. 
C) During World War I. 
D) Between World War I and World War II. 
E) During World War II.

Question 12

Which of the following statements about the World Trade Organization (WTO)is FALSE?

Accepted Answer

A) All countries have equal votes in decision making in the WTO. 
B) The WTO has helped achieve the liberalization of agricultural trade in developed countries. 
C) The largest member countries dominate negotiations in the WTO. 
D) Developing countries often find that discussions of issues of concern to them are blocked in the WTO. 
E) The WTO has helped countries reduce barriers to trade. 
A) All countries have equal votes in decision making in the WTO. 
B) The WTO has helped achieve the liberalization of agricultural trade in developed countries. 
C) The largest member countries dominate negotiations in the WTO. 
D) Developing countries often find that discussions of issues of concern to them are blocked in the WTO. 
E) The WTO has helped countries reduce barriers to trade.

Question 13

In the figure,at what level will domestic firms produce under the tariff?

Accepted Answer

A) Qst. 
B) Qd t. 
C) A. 
D) C. 
E) Pw. 
A) Qst. 
B) Qd t. 
C) A. 
D) C. 
E) Pw.

Question 14

Which of the following would be expected by the Heckscher-Ohlin trade theory?

Accepted Answer

A) A country with abundant fertile land exporting agricultural products. 
B) A country with abundant capital importing manufactured goods. 
C) A country with abundant fertile land importing agricultural goods. 
D) A country with abundant labor exporting agricultural products. 
E) A country with abundant capital exporting agricultural goods. 
A) A country with abundant fertile land exporting agricultural products. 
B) A country with abundant capital importing manufactured goods. 
C) A country with abundant fertile land importing agricultural goods. 
D) A country with abundant labor exporting agricultural products. 
E) A country with abundant capital exporting agricultural goods.

Question 15

What is most-favored-nation trading status?

Accepted Answer

A) When countries give each other the same trade concessions they give to all other countries. 
B) When a country gives special trade privileges to a close ally. 
C) When a country spares no expense to increase trade with another country. 
D) When a country has the wealthiest and most developed economy. 
E) When a country promotes trade with military allies. 
A) When countries give each other the same trade concessions they give to all other countries. 
B) When a country gives special trade privileges to a close ally. 
C) When a country spares no expense to increase trade with another country. 
D) When a country has the wealthiest and most developed economy. 
E) When a country promotes trade with military allies.

Question 16

Which of the following international organizations was formed in the wake of World War II as a response to the devastation of European economies during the war?

Accepted Answer

A) United Nations. 
B) Warsaw Pact. 
C) European Union. 
D) North Atlantic Treaty Organization. 
E) World Trade Organization. 
A) United Nations. 
B) Warsaw Pact. 
C) European Union. 
D) North Atlantic Treaty Organization. 
E) World Trade Organization.

Question 17

How does the WTO both help and hurt the world's poor?

Accepted Answer

The World Trade Organization (WTO) has b

Question 18

Why does division of labor make international trade profitable?

Accepted Answer

A) Countries can always trade with other countries. 
B) Every country can produce all the products it needs. 
C) The countries that are most efficient at producing particular products produce them. 
D) Countries can learn to create products that they are inefficient at producing. 
E) Workers always benefit when their labor is divided. 
A) Countries can always trade with other countries. 
B) Every country can produce all the products it needs. 
C) The countries that are most efficient at producing particular products produce them. 
D) Countries can learn to create products that they are inefficient at producing. 
E) Workers always benefit when their labor is divided.

Question 19

What is true of a state that adopts a tariff in the scenario depicted in the figure?

Accepted Answer

A) It will increase domestic consumption of the good. 
B) It will have no effect on domestic consumption of the good. 
C) It will decrease domestic production of the good. 
D) It will increase domestic production of the good. 
E) It will have no effect on domestic production of the good. 
A) It will increase domestic consumption of the good. 
B) It will have no effect on domestic consumption of the good. 
C) It will decrease domestic production of the good. 
D) It will increase domestic production of the good. 
E) It will have no effect on domestic production of the good.

Question 20

What is the effect of trade barriers?

Accepted Answer

A) Imports become less expensive for domestic producers. 
B) A glut of imported products develops. 
C) Domestic producers of the protected good can sell their product at a higher price. 
D) Domestic producers of the protected good have to lower the wages paid to their workers. 
E) Domestic producers of the protected good can sell less of the good. 
A) Imports become less expensive for domestic producers. 
B) A glut of imported products develops. 
C) Domestic producers of the protected good can sell their product at a higher price. 
D) Domestic producers of the protected good have to lower the wages paid to their workers. 
E) Domestic producers of the protected good can sell less of the good.

What is protectionism?

Which of the following groups in the United States is most likely to have experienced stagnant or declining wages since the 1970s?

What is comparative advantage?

When the United States established steel tariffs in 2002,who benefited?

Which of the following is a tariff?

What is true of an autarkic state in the example depicted in the figure,where Pw is the world price of a good?

How does the Stolper-Samuelson theorem explain why some countries are protectionist and others are not?

Which scenario represents strategic interaction in trade?

What is trade liberalization?

The trade protection that the United States steel industry receives has which of the following effects?

Which of these periods was most characterized by trade liberalization?

Which of the following statements about the World Trade Organization (WTO)is FALSE?

In the figure,at what level will domestic firms produce under the tariff?

Which of the following would be expected by the Heckscher-Ohlin trade theory?

What is most-favored-nation trading status?

Which of the following international organizations was formed in the wake of World War II as a response to the devastation of European economies during the war?

How does the WTO both help and hurt the world's poor?

Why does division of labor make international trade profitable?

What is true of a state that adopts a tariff in the scenario depicted in the figure?

What is the effect of trade barriers?

Introduction

What Shaped Our World

Understanding Interests, interactions, and Institutions

Why Are There Wars

Domestic Politics and War

International Institutions and War

Violence by Nonstate Actors: Civil War and Terrorism

International Financial Relations

International Monetary Relations

Development: Causes of the Wealth and Poverty of Nations

International Law and Norms

Human Rights

The Global Environment

The Future of International Politics

Foundations, war, and Peace

International Political Economy, transnational Politics, and Looking Ahead

Filters

Exam 8: International Trade

What is protectionism?

Which of the following groups in the United States is most likely to have experienced stagnant or declining wages since the 1970s?

What is comparative advantage?

When the United States established steel tariffs in 2002,who benefited?

Which of the following is a tariff?

What is true of an autarkic state in the example depicted in the figure,where Pw is the world price of a good?

How does the Stolper-Samuelson theorem explain why some countries are protectionist and others are not?

Which scenario represents strategic interaction in trade?

What is trade liberalization?

The trade protection that the United States steel industry receives has which of the following effects?

Which of these periods was most characterized by trade liberalization?

Which of the following statements about the World Trade Organization (WTO)is FALSE?

In the figure,at what level will domestic firms produce under the tariff?

Which of the following would be expected by the Heckscher-Ohlin trade theory?

What is most-favored-nation trading status?

Which of the following international organizations was formed in the wake of World War II as a response to the devastation of European economies during the war?

How does the WTO both help and hurt the world's poor?

Why does division of labor make international trade profitable?

What is true of a state that adopts a tariff in the scenario depicted in the figure?

What is the effect of trade barriers?

Introduction

What Shaped Our World

Understanding Interests, interactions, and Institutions

Why Are There Wars

Domestic Politics and War

International Institutions and War

Violence by Nonstate Actors: Civil War and Terrorism

International Financial Relations

International Monetary Relations

Development: Causes of the Wealth and Poverty of Nations

International Law and Norms

Human Rights

The Global Environment

The Future of International Politics

Foundations, war, and Peace

International Political Economy, transnational Politics, and Looking Ahead

Filters