Question 1

Harmonization of standards

Accepted Answer

A) can make it less costly for exporting firms to produce. 
B) is easy to agree on. 
C) is not possible for countries of different income levels. 
D) is required under WTO rules. 
A) can make it less costly for exporting firms to produce. 
B) is easy to agree on. 
C) is not possible for countries of different income levels. 
D) is required under WTO rules. A

Question 2

Under the Sullivan Principles,a multinational producing in different countries

Accepted Answer

A) should pay the same wages in all countries. 
B) should comply with the same environmental standards that exist in the home country. 
C) should lobby for better standards in all countries. 
D) should produce in pollution havens. 
A) should pay the same wages in all countries. 
B) should comply with the same environmental standards that exist in the home country. 
C) should lobby for better standards in all countries. 
D) should produce in pollution havens. B

Question 3

Which region has the largest number of children working?

Accepted Answer

Asia

Question 4

Low standards reduce production costs and change a nation's comparative advantage.

Accepted Answer

A) True 
 B)False

Question 5

When countries try to ban child labor,

Accepted Answer

A) most children start to attend school. 
B) family poverty decreases. 
C) child labor often moves to the informal economy. 
D) GDP increases. 
A) most children start to attend school. 
B) family poverty decreases. 
C) child labor often moves to the informal economy. 
D) GDP increases.

Question 6

While Africa has the largest numbers of working children,Asia has the highest proportion of working children,with an estimated one in four employed.

Accepted Answer

A) True 
 B)False

Question 7

The International Labor Organization has been around since 1919,and has a consistent record of being willing to take action against countries that violate core labor standards.

Accepted Answer

A) True 
 B)False

Question 8

When the evolution of new technologies is unknown,or it is unclear which country has the "best" rules for standards,the adoption of ________ is the superior option.

Accepted Answer

A) a harmonization of standards 
B) separate standards 
C) mutual recognition standards 
D) larger country standards 
A) a harmonization of standards 
B) separate standards 
C) mutual recognition standards 
D) larger country standards

Question 9

The best way to address differences in labor and environmental standards is through trade barriers.

Accepted Answer

A) True 
 B)False

Question 10

Lower income countries may have more difficulties in enforcing standards.

Accepted Answer

A) True 
 B)False

Question 11

Explain the three options for setting standards in trade rules.

Accepted Answer

Harmonization of standards refers to the

Question 12

Empirical studies show that countries with low standards are very successful at attracting foreign investment.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is a true statement about obstacles to increased economic integration?

Accepted Answer

A) Countries generally agree about appropriate environmental standards. 
B) Domestic policies do not affect international trade. 
C) Production changes due to trade redistribute income fairly. 
D) Adopting common standards gives an advantage to firms that already meet those standards. 
A) Countries generally agree about appropriate environmental standards. 
B) Domestic policies do not affect international trade. 
C) Production changes due to trade redistribute income fairly. 
D) Adopting common standards gives an advantage to firms that already meet those standards.

Question 14

Monopoly powers given to domestic utility companies to create economies of scale might unintentionally

Accepted Answer

A) be an obstacle to increased international trade. 
B) be useful for the creation of a comparative advantage for the domestic country. 
C) not be used for rent-seeking behaviors. 
D) be a positive externality for the world as a whole. 
A) be an obstacle to increased international trade. 
B) be useful for the creation of a comparative advantage for the domestic country. 
C) not be used for rent-seeking behaviors. 
D) be a positive externality for the world as a whole.

Question 15

Is there one optimal environmental standard for the entire world? If not,how might using trade barriers to enforce country-specific environmental standards reduce overall well-being?

Accepted Answer

No; because differences in income and pr

Question 16

Developing countries are usually unwilling to negotiate over labor standards because

Accepted Answer

A) the WTO always tends to rule in favor of industrialized nations. 
B) they fear that industrialized nations are trying to undermine their comparative advantage-production of agriculture and textiles/apparel-and close the markets of high-income countries in these areas. 
C) they fear that they may be unable to compete without some protection of their industries. 
D) organized labor would not allow them to negotiate with other countries. 
A) the WTO always tends to rule in favor of industrialized nations. 
B) they fear that industrialized nations are trying to undermine their comparative advantage-production of agriculture and textiles/apparel-and close the markets of high-income countries in these areas. 
C) they fear that they may be unable to compete without some protection of their industries. 
D) organized labor would not allow them to negotiate with other countries.

Question 17

Critics argue that concern about labor practices in other countries is often used to justify protectionism.Is this a reasonable criticism? Explain.

Accepted Answer

Special interests sometimes use the issu

Question 18

Suppose two nations are seeking to expand their commercial relations.What options do they have in terms of addressing conflicts in standards? Describe each and what conditions might favor different approaches to setting standards.

Accepted Answer

With harmonization of standards,the nati

Question 19

Which of the following is NOT a problem with finding a solution to global climate change?

Accepted Answer

A) Countries have not recognized that there is a problem with climate change. 
B) Solutions must be adopted globally, not unilaterally. 
C) Science can only provide probabilities of future events, not certainties. 
D) It is difficult to determine an appropriate level of response to climate change problems. 
A) Countries have not recognized that there is a problem with climate change. 
B) Solutions must be adopted globally, not unilaterally. 
C) Science can only provide probabilities of future events, not certainties. 
D) It is difficult to determine an appropriate level of response to climate change problems.

Question 20

Why would a global carbon tax be desirable?

Accepted Answer

Since carbon emissions are a transbounda

Harmonization of standards

Under the Sullivan Principles,a multinational producing in different countries

Which region has the largest number of children working?

Low standards reduce production costs and change a nation's comparative advantage.

When countries try to ban child labor,

While Africa has the largest numbers of working children,Asia has the highest proportion of working children,with an estimated one in four employed.

The International Labor Organization has been around since 1919,and has a consistent record of being willing to take action against countries that violate core labor standards.

When the evolution of new technologies is unknown,or it is unclear which country has the "best" rules for standards,the adoption of ________ is the superior option.

The best way to address differences in labor and environmental standards is through trade barriers.

Lower income countries may have more difficulties in enforcing standards.

Explain the three options for setting standards in trade rules.

Empirical studies show that countries with low standards are very successful at attracting foreign investment.

Which of the following is a true statement about obstacles to increased economic integration?

Monopoly powers given to domestic utility companies to create economies of scale might unintentionally

Is there one optimal environmental standard for the entire world? If not,how might using trade barriers to enforce country-specific environmental standards reduce overall well-being?

Developing countries are usually unwilling to negotiate over labor standards because

Critics argue that concern about labor practices in other countries is often used to justify protectionism.Is this a reasonable criticism? Explain.

Suppose two nations are seeking to expand their commercial relations.What options do they have in terms of addressing conflicts in standards? Describe each and what conditions might favor different approaches to setting standards.

Which of the following is NOT a problem with finding a solution to global climate change?

Why would a global carbon tax be desirable?

The United States in a Global Economy

International Economic Institutions Since World War II

Comparative Advantage and the Gains From Trade

Comparative Advantage and Factor Endowments

Beyond Comparative Advantage

The Theory of Tariffs and Quotas

Commercial Policy

Trade and the Balance of Payments

Exchange Rates and Exchange Rate Systems

An Introduction to Open Economy Macroeconomics

International Financial Crises

The United States in the World Economy

The European Union: Many Markets Into One

Trade and Policy Reform in Latin America

Export-Oriented Growth in East Asia

China and India in the World Economy

Filters

Exam 8: International Trade and Labor and Environmental Standards

Harmonization of standards

Under the Sullivan Principles,a multinational producing in different countries

Which region has the largest number of children working?

Low standards reduce production costs and change a nation's comparative advantage.

When countries try to ban child labor,

While Africa has the largest numbers of working children,Asia has the highest proportion of working children,with an estimated one in four employed.

The International Labor Organization has been around since 1919,and has a consistent record of being willing to take action against countries that violate core labor standards.

When the evolution of new technologies is unknown,or it is unclear which country has the "best" rules for standards,the adoption of ________ is the superior option.

The best way to address differences in labor and environmental standards is through trade barriers.

Lower income countries may have more difficulties in enforcing standards.

Explain the three options for setting standards in trade rules.

Empirical studies show that countries with low standards are very successful at attracting foreign investment.

Which of the following is a true statement about obstacles to increased economic integration?

Monopoly powers given to domestic utility companies to create economies of scale might unintentionally

Is there one optimal environmental standard for the entire world? If not,how might using trade barriers to enforce country-specific environmental standards reduce overall well-being?

Developing countries are usually unwilling to negotiate over labor standards because

Critics argue that concern about labor practices in other countries is often used to justify protectionism.Is this a reasonable criticism? Explain.

Suppose two nations are seeking to expand their commercial relations.What options do they have in terms of addressing conflicts in standards? Describe each and what conditions might favor different approaches to setting standards.

Which of the following is NOT a problem with finding a solution to global climate change?

Why would a global carbon tax be desirable?

The United States in a Global Economy

International Economic Institutions Since World War II

Comparative Advantage and the Gains From Trade

Comparative Advantage and Factor Endowments

Beyond Comparative Advantage

The Theory of Tariffs and Quotas

Commercial Policy

Trade and the Balance of Payments

Exchange Rates and Exchange Rate Systems

An Introduction to Open Economy Macroeconomics

International Financial Crises

The United States in the World Economy

The European Union: Many Markets Into One

Trade and Policy Reform in Latin America

Export-Oriented Growth in East Asia

China and India in the World Economy

Filters