Question 1

How do international institutions contribute to trade liberalization by increasing transparency and providing information?

Accepted Answer

International institutions play a crucia

Question 2

Which of the following is most likely a developed country?

Accepted Answer

A) A country with no trade restrictions of any kind on imports. 
B) A country with no quotas on manufactured goods. 
C) A country that imposes a tax on technology exports. 
D) A country that has trade restrictions on agricultural imports. 
E) A country that has high tariffs on manufactured goods. 
A) A country with no trade restrictions of any kind on imports. 
B) A country with no quotas on manufactured goods. 
C) A country that imposes a tax on technology exports. 
D) A country that has trade restrictions on agricultural imports. 
E) A country that has high tariffs on manufactured goods.

Question 3

Why are those who favor free trade concerned about regional trade agreements?

Accepted Answer

A) They think there are too few regional trade agreements. 
B) They think regional trade agreements are biased toward workers' rights. 
C) They think the signers of regional trade agreements will become more protectionist in general. 
D) They think regional trade agreements will be stepping stones toward a more integrated world economy. 
E) They think regional trade agreements may result in the members trading only among themselves. 
A) They think there are too few regional trade agreements. 
B) They think regional trade agreements are biased toward workers' rights. 
C) They think the signers of regional trade agreements will become more protectionist in general. 
D) They think regional trade agreements will be stepping stones toward a more integrated world economy. 
E) They think regional trade agreements may result in the members trading only among themselves.

Question 4

Which of the following trade policy results would be most expected,given the logic of collective action?

Accepted Answer

A) Factory workers successfully lobbying for lower tariffs on imported automobiles. 
B) Agricultural workers successfully lobbying for lower tariffs on imported wheat. 
C) Consumers successfully lobbying for higher tariffs on imported corn. 
D) Consumers successfully lobbying for lower tariffs on imported televisions. 
E) Automobile manufacturers successfully lobbying for higher tariffs on imported automobiles. 
A) Factory workers successfully lobbying for lower tariffs on imported automobiles. 
B) Agricultural workers successfully lobbying for lower tariffs on imported wheat. 
C) Consumers successfully lobbying for higher tariffs on imported corn. 
D) Consumers successfully lobbying for lower tariffs on imported televisions. 
E) Automobile manufacturers successfully lobbying for higher tariffs on imported automobiles.

Question 5

What is the Ricardo-Viner explanation for trade-policy preferences?

Accepted Answer

A) A country's government will usually prefer to protect owners of capital. 
B) The interests of groups in society toward trade are determined by the factor of production of which they are part. 
C) The interests of factors of production are often determined by the industry sector,rather than by the factor of production. 
D) A country will import goods that make intensive use of the resources a country has in abundance. 
E) A country will impose tariffs on goods that compete with goods made using its most abundant factor intensively. 
A) A country's government will usually prefer to protect owners of capital. 
B) The interests of groups in society toward trade are determined by the factor of production of which they are part. 
C) The interests of factors of production are often determined by the industry sector,rather than by the factor of production. 
D) A country will import goods that make intensive use of the resources a country has in abundance. 
E) A country will impose tariffs on goods that compete with goods made using its most abundant factor intensively.

Question 6

All of the following are economic characteristics,or factors of production,EXCEPT:

Accepted Answer

A) land. 
B) military power. 
C) unskilled labor. 
D) skilled labor. 
E) investment capital. 
A) land. 
B) military power. 
C) unskilled labor. 
D) skilled labor. 
E) investment capital.

Question 7

Explain hegemonic stability theory and how one or a few powerful countries can affect the international trading system.

Accepted Answer

The answer of Explain hegemonic stability theory and how one...

Question 8

Which of these is most likely a poor,developing country?

Accepted Answer

A) A country that exports machinery for producing shoes. 
B) A country that exports aircraft. 
C) A country that exports copper. 
D) A country that exports computer chips. 
E) A country that exports automobiles and trucks. 
A) A country that exports machinery for producing shoes. 
B) A country that exports aircraft. 
C) A country that exports copper. 
D) A country that exports computer chips. 
E) A country that exports automobiles and trucks.

Question 9

According to Ricardo's theory on trade,in the example described by the table,Portugal should:

Accepted Answer

A) let England produce everything. 
B) produce wine exclusively. 
C) produce cloth exclusively. 
D) produce everything itself. 
E) produce half the wine and half the cloth needed by both parties. 
A) let England produce everything. 
B) produce wine exclusively. 
C) produce cloth exclusively. 
D) produce everything itself. 
E) produce half the wine and half the cloth needed by both parties.

Question 10

All of the following are more likely to have higher levels of trade than other similar countries EXCEPT:

Accepted Answer

A) two countries that have a dispute over ownership of a border region. 
B) two countries that use the same currency. 
C) a country that buys many bonds issued by another country. 
D) two countries with embassies in each other's country. 
E) two members of a military alliance. 
A) two countries that have a dispute over ownership of a border region. 
B) two countries that use the same currency. 
C) a country that buys many bonds issued by another country. 
D) two countries with embassies in each other's country. 
E) two members of a military alliance.

Question 11

Explain how trade bargaining problems can resemble a Prisoner's Dilemma.

Accepted Answer

The answer of Explain how trade bargaining problems can resemble...

Question 12

Given the following exports,which of these is most likely a rich,developed country?

Accepted Answer

A) A country that exports shoes. 
B) A country that exports computer chips. 
C) A country that exports copper. 
D) A country that exports oil. 
E) A country that exports jeans. 
A) A country that exports shoes. 
B) A country that exports computer chips. 
C) A country that exports copper. 
D) A country that exports oil. 
E) A country that exports jeans.

Question 13

Which of the following countries is most likely to follow a liberal trade policy?

Accepted Answer

A) A country led by a dictator who suppresses national political parties. 
B) A country led by a dictator who allows limited elections to take place. 
C) A country led by a small group of military officers. 
D) A democratic country with strong national political parties and a powerful executive. 
E) A democratic country with weak political parties and a weak national executive. 
A) A country led by a dictator who suppresses national political parties. 
B) A country led by a dictator who allows limited elections to take place. 
C) A country led by a small group of military officers. 
D) A democratic country with strong national political parties and a powerful executive. 
E) A democratic country with weak political parties and a weak national executive.

Question 14

Which of the following is a deadweight cost?

Accepted Answer

A) The debt burden that developing countries have incurred because of protectionist policies. 
B) The difference between the domestic price and the international market price of goods. 
C) The amount of money Uruguayan consumers pay for cars that exceeds the profits Uruguayan car manufacturers make because of trade protection. 
D) The amount of money it will cost a country's economy to switch from protectionist to liberal trade policies. 
E) The price of a good before adding the cost of tariffs or other forms of protection. 
A) The debt burden that developing countries have incurred because of protectionist policies. 
B) The difference between the domestic price and the international market price of goods. 
C) The amount of money Uruguayan consumers pay for cars that exceeds the profits Uruguayan car manufacturers make because of trade protection. 
D) The amount of money it will cost a country's economy to switch from protectionist to liberal trade policies. 
E) The price of a good before adding the cost of tariffs or other forms of protection.

Question 15

Which of the following is an example of absolute advantage?

Accepted Answer

A) Since Turkey controls the Bosporus Strait,the countries on the Black Sea are completely dependent on it for access to the Mediterranean. 
B) India is more efficient at producing cloth than Portugal,but Portugal is more efficient at producing wine than India. 
C) Portugal is better at producing wine than producing cloth. 
D) The United States makes software more efficiently than any other country. 
E) Saudi Arabia has one-fifth of the world's proven oil reserves,but oil refineries in the United States can produce oil more efficiently. 
A) Since Turkey controls the Bosporus Strait,the countries on the Black Sea are completely dependent on it for access to the Mediterranean. 
B) India is more efficient at producing cloth than Portugal,but Portugal is more efficient at producing wine than India. 
C) Portugal is better at producing wine than producing cloth. 
D) The United States makes software more efficiently than any other country. 
E) Saudi Arabia has one-fifth of the world's proven oil reserves,but oil refineries in the United States can produce oil more efficiently.

Question 16

All of the following statements about dumping are true EXCEPT:

Accepted Answer

A) dumping consists of selling goods below their true costs. 
B) exporters use dumping to put competitors out of business. 
C) dumping is widely seen as unfair. 
D) dumping is easy to define and measure. 
E) governments can aid dumping by subsidizing industries. 
A) dumping consists of selling goods below their true costs. 
B) exporters use dumping to put competitors out of business. 
C) dumping is widely seen as unfair. 
D) dumping is easy to define and measure. 
E) governments can aid dumping by subsidizing industries.

Question 17

Demonstrate mathematically how comparative advantage suggests two countries should specialize and trade.Despite the math,why would countries refuse to partake in trade?

Accepted Answer

Comparative advantage suggests that two

Question 18

How do domestic political institutions affect whether a country will adopt trade liberalization or protectionism?

Accepted Answer

The answer of How do domestic political institutions affect whether...

Question 19

Which of the following is explained well by the Stolper-Samuelson theorem?

Accepted Answer

A) Farmers in land-poor France tend to favor liberal trade policies. 
B) Farmers in land-rich Argentina tend to favor liberal trade policies. 
C) Workers in the scarce-labor United States tend to oppose protectionist trade policies. 
D) Workers in labor-rich Bangladesh tend to favor protectionist trade policies. 
E) Owners of capital in capital-poor Thailand favor liberal trade policies. 
A) Farmers in land-poor France tend to favor liberal trade policies. 
B) Farmers in land-rich Argentina tend to favor liberal trade policies. 
C) Workers in the scarce-labor United States tend to oppose protectionist trade policies. 
D) Workers in labor-rich Bangladesh tend to favor protectionist trade policies. 
E) Owners of capital in capital-poor Thailand favor liberal trade policies.

Question 20

What is the Stolper-Samuelson theorem?

Accepted Answer

A) The theory that protection hurts the scarce sector. 
B) The theory that protection hurts the scarce factor of production. 
C) The theory that protection benefits the scarce sector. 
D) The theory that protection benefits the abundant factor of production. 
E) The theory that protection benefits the scarce factor of production. 
A) The theory that protection hurts the scarce sector. 
B) The theory that protection hurts the scarce factor of production. 
C) The theory that protection benefits the scarce sector. 
D) The theory that protection benefits the abundant factor of production. 
E) The theory that protection benefits the scarce factor of production.

How do international institutions contribute to trade liberalization by increasing transparency and providing information?

Which of the following is most likely a developed country?

Why are those who favor free trade concerned about regional trade agreements?

Which of the following trade policy results would be most expected,given the logic of collective action?

What is the Ricardo-Viner explanation for trade-policy preferences?

All of the following are economic characteristics,or factors of production,EXCEPT:

Explain hegemonic stability theory and how one or a few powerful countries can affect the international trading system.

Which of these is most likely a poor,developing country?

According to Ricardo's theory on trade,in the example described by the table,Portugal should:

All of the following are more likely to have higher levels of trade than other similar countries EXCEPT:

Explain how trade bargaining problems can resemble a Prisoner's Dilemma.

Given the following exports,which of these is most likely a rich,developed country?

Which of the following countries is most likely to follow a liberal trade policy?

Which of the following is a deadweight cost?

Which of the following is an example of absolute advantage?

All of the following statements about dumping are true EXCEPT:

Demonstrate mathematically how comparative advantage suggests two countries should specialize and trade.Despite the math,why would countries refuse to partake in trade?

How do domestic political institutions affect whether a country will adopt trade liberalization or protectionism?

Which of the following is explained well by the Stolper-Samuelson theorem?

What is the Stolper-Samuelson theorem?

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

How do international institutions contribute to trade liberalization by increasing transparency and providing information?

Which of the following is most likely a developed country?

Why are those who favor free trade concerned about regional trade agreements?

Which of the following trade policy results would be most expected,given the logic of collective action?

What is the Ricardo-Viner explanation for trade-policy preferences?

All of the following are economic characteristics,or factors of production,EXCEPT:

Explain hegemonic stability theory and how one or a few powerful countries can affect the international trading system.

Which of these is most likely a poor,developing country?

According to Ricardo's theory on trade,in the example described by the table,Portugal should:

All of the following are more likely to have higher levels of trade than other similar countries EXCEPT:

Explain how trade bargaining problems can resemble a Prisoner's Dilemma.

Given the following exports,which of these is most likely a rich,developed country?

Which of the following countries is most likely to follow a liberal trade policy?

Which of the following is a deadweight cost?

Which of the following is an example of absolute advantage?

All of the following statements about dumping are true EXCEPT:

Demonstrate mathematically how comparative advantage suggests two countries should specialize and trade.Despite the math,why would countries refuse to partake in trade?

How do domestic political institutions affect whether a country will adopt trade liberalization or protectionism?

Which of the following is explained well by the Stolper-Samuelson theorem?

What is the Stolper-Samuelson theorem?

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