• Question 1
Which of the following is NOT a policy that trade liberalization would seek to eliminate?
• Question 2
Which of the follow... [Show More] ing does NOT describe the WTO?
• Question 3
The WTO relies on
• Question 4
The majority of regional trade agreements
• Question 5
The enforcement problem of trade agreements refers to the fact that
• Question 6
If more trade is created than diverted, a regional trade agreement (RTA)
• Question 7
The difference between a FTA and a Customs Union
• Question 8
Consumption Indifference Curves
• Question 9
In an autarkic country, the `production possibility frontier'
• Question 10
Which of the following explains why coutnries that trade choose to produce goods that use a lot of their abundant factor?
• Question 11
In developing countries, capital is considered a ________ factor.
• Question 12
In a liberalized country with an abundance of labor and land but little capital, we would expect
• Question 13
• Question 14
A sectoral model of trade assumes
When labor protested NAFTA while the car manufacturers were pushing for its ratification, this was an example of
• Question 15
A `specific factor'
• Question 16
Refer to the following figure depicting trade liberalization as a Prisoner's Dilemma (a variant of Figure 3.5 on page 59).
Which quadrant represents Australia's most preferred outcome in its negotiated trade agreement with the EU? (note: L = liberalize; P = protect)
European Union
Australia
L,L
L,P
P,L
P,P
• Question 17
Once again, refer to the following figure depicting trade liberalization as a Prisoner's Dilemma (a variant of Figure 3.5 on page 59).
Which quadrant represents the Nash equilibrium?
European Union
Australia
L,L
L,P
P,L
P,P
• Question 18
If a trade agreement allows the company CompuGlobalHyperMegaNet to access a million more customers, thereby bringing down its cost of production per unit, it is taking advantage of which of the following?
• Question 19
In a factor-based model of trade, if a developed country begins producing more computer software and fewer tableclothes, who benefits?
• Question 20
Looking at the following payoff matrix of a hypothetical market that supports only one high-tech computer firm with two countries competing internationally, answer the following:
Which country is providing subsidies for production?
UK
Computer Firm
Produce
Not Produce
US Computer Firm
Produce
-6.5, 6.5
100, 0
Not Produce
0, 113
0, 0
• Question 21
Looking at the following payoff matrix of a hypothetical market that supports only one high-tech computer firm with two countries competing internationally, answer the following:
Which country would you deduce had the first-mover advantage?
UK
Computer Firm
Produce
Not Produce
US Computer Firm
Produce
-6.5, 6.5
100, 0
Not Produce
0, 113
0, 0
• Question 22
Looking at the following payoff matrix of a hypothetical market that supports only one high-tech computer firm with two countries competing internationally, answer the following:
What is the expected effect of the subsidizing country’s entry in the market on the non-subsidizing country’s firm?
UK
Computer Firm
Produce
Not Produce
US Computer Firm
Produce
-6.5, 6.5
100, 0
Not Produce
0, 113
0, 0
• Question 23
Which of the following was NOT a benefit of creating the WTO?
• Question 24
Government policies used to implement ISI included ALL of the following except
• Question 25
The Structuralists believe
• Question 26
Structuralists argue that
• Question 27
The WTO's Dispute Settlement Mechanism
• Question 28
As discussed in the article "Trump's New Nafta Pact...", vested U.S. interests influenced Trump and his administration
• Question 29
Structural Adjustment Programs
• Question 30
Primary ISI was thought to be “easy” because of ALL of the following EXCEPT
• Question 31
Which of the following helps to explain the political shift to ISI in Brazil?
• Question 32
Infant Industry Protection is argued
0 out of 2.5 points
• Question 33
The logic of infant industry protection was first developed to
• Question 34
The E. Asian Tigers [Show Less]
