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17 Jul 2019

Free international trade enables all nations to gain from specialization and trade. To what degree can the United States save jobs, compensate for low foreign wages, compensation for costly environmental policies and protect developing nations from being exploited by restricting international trade? Use examples to illustrate a position.

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Lelia LubowitzLv2

18 Jul 2019

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11. Indonesia, Vietnam, Thailand, and the Philippines are members of the __________.

A. Organization of Petroleum Exporting Countries
B. Association of Southeast Asian Nations
C. Dominican Republic-Central America Free Trade Agreement
D. North American Free Trade Agreement

___________________________________________________________

7. Which of the following is an example of an autonomous agency of the United Nations?

A. North Atlantic Treaty Organization

B. Security Council

C. World Trade Organization

D. International Monetary Fund

------------------------------------------------------------------------------------

3. Which of the following is provided under the Foreign Sovereign Immunities Act?

A. rules for conflict resolution among DR-CAFTA members
B. endowment of the president with powers to enter into treaties with foreign nations
C. guidelines to govern suits against foreign nations within the United States
D. regulation of commerce between the United States and foreign nations

_____________________________________________________________________

15 .Throughout Christianity, divine and natural laws have been issued in the form of __________.

A. edicts
B. conventions
C. novations
D. canons

_________________________________

18. Which of the following is true of the International Monetary Fund?

A. The IMF is a federal body that consists of representatives from all the states, including federal experts.
B. The IMF is funded from the Superfund created by the Comprehensive Environmental Response, Compensation, and Liability Act.
C. The IMF is an autonomous agency under the UN which promotes sound monetary, fiscal, and macroeconomic policies worldwide.
D. The IMF is responsible for providing one-time grants to needy countries with no terms and conditions attached to the assistance.

____________________________

19. Which of the following statements is true of the NAFTA?

A. It allows a member country to reimpose tariffs if imports are hurting that country's economy or its workers.
B. It disallows any special protection from being extended to specific industries.
C. It disallows NAFTA members from trading with other countries unless a unanimous permission is obtained.
D. It has been hailed by economists as a perfect example of a free trade pact.

chocolatecamel690

Question 1

In 2003, the ________ ruled that U.S. tariffs on steel imported from the EU were unfair and allowed the EU to issue retaliatory tariffs on U.S. products.

World Trade Organization

United Nations

European Central Bank

International Human Rights Commission

Question 2

The idea of the U.S.-Canadian Free-Trade Agreement that ________ barriers to trade including tariffs and quotas between the United States and Canada by 1998 was to increase the amount that the United States exports to Canada and the amount that the United States imports from Canada.

increased all

removed some

removed all

increased some

Question 3

According to the theory of comparative advantage, a country should specialize and ________ goods with ________ opportunity cost.

import; the lowest

import; negative

export; the lowest

export; the highest

Question 4

A quota is a restriction on imports.

True

False

Question 5

If Holland decreases subsidies to its tulip growers, the price of tulips in the United States will rise.

True

False

Question 6

According to comparative advantage, trade between two countries allows ________ of the trading countries to use its resources most efficiently.

only the smaller

only the larger

neither

each

Question 7

________ U.S. president(s) who has/have held office since GATT was signed has argued for free-trade policies, yet each one has used his powers to protect various sectors of the economy.

Only one

No

Every

Only 3

Question 8

In 1991, the European Union began the process of forming the

		largest free-trade zone in the world.
		only continental military force in the world.
		first international trade agreement in the world.
		first unified currency in the world.

Question 9
1. The Smoot-Hawley tariff set off an international trade war in the
  
  1930s.
  
  1950s.
  
  1970s.
  
  1990s.
  
  Please help me with these questions Thank you.

magentadeer293

Question 6: Which of the following economic goals focuses on equal opportunities for education? (5 points)

-Equity

-Freedom

-Growth

-Security

Question 7: Marcel takes out student loans and works part-time to put himself through college. In time, he earns an advanced medical degree and goes to work in an understaffed city -hospital. Marcel's economic decisions benefit the goal of efficiency by (5 points)

-making his own job

-related decisions

-paying back loans to reduce the debt

-contributing to the nation's productivity

-taking advantage of equal opportunities

Question 8: Two countries produce milk and dairy products efficiently. Neither has an absolute advantage. However, Country A exports milk to Country B, and Country A imports cotton from Country B. Which of the following is inferred? (5 points)

-The opportunity cost of producing milk is lower for Country A.

-The opportunity cost of producing cotton is higher for Country B.

-Country A has a natural resource advantage in cotton.

-Country B has a natural resource advantage in milk.

Question 9: Worker hours to produce one unit of natural gas; Worker hours to produce one unit of oil; Brazil 4 9; Argentina 2 10; Mexico 3 7; United States 1 6. According to the chart, which country has the comparative advantage in oil production? (5 points)

-Brazil

-Mexico

-Argentina

-United States

Question 10: The United States can manufacture books at a much more rapid pace than manufacturers in Indonesia. Which of the following is a reason? (5 points)

-Indonesia, as a developed country, has a highly paid and experienced workforce

-Indonesia, as a developing country, has a less advanced manufacturing infrastructure

-The United States, as a developing country, has a high comparative advantage in manufacturing.

-The United States, as a developed country, has a lower cost of living than Indonesia

Question 11: A group of nations establishes a free-trade zone. What is the most likely effect? (5 points)

-Cost of trade increases

-Exports decrease

-Imports decrease

-Trade increases

Question 12: The United States may have a tariff on cotton products from China in order to (5 points)

-prevent Chinese manufacturers from losing profit because of low prices

-protect the business of the American cotton growers and manufacturers

-stop trade due to political disagreement on economic policy

-promote sales in the United States of cotton products from China

Question 13: A Chinese international salesperson hoping to increase exports to the U.S. may worry about the inflation of the U.S. dollar because the inflation may (5 points)

-increase the United States' supply of Chinese products

-decrease tariffs on Chinese products sold to the United States

-increase taxes on the United States' products sold to China

-reduce the United States' demand for Chinese products

Question 14: How would a strong U.S. dollar impact the trade of grain produced in the United States? (5 points)

-U.S. grain exports decrease

-U.S. grain exports increase

-U.S. grain imports decrease

-U.S. grain imports stagnate

Question 15: Which of these can be a result of inflation? (5 points)

-Businesses grow cautious about spending

-The government has to cut spending

-The price of household items increases

-Workers benefit from a lower cost of living

Question 16: If the inflation rate increases faster than their income, people will most likely (5 points)

-use a higher proportion of their incomes on basic needs

-spend a lower proportion of their incomes on basic needs

-get more goods and services for less money

-obtain fewer goods and services for less money

Question 17: To increase your standard of living, your wages must (5 points)

-rise faster than the inflation rate

-rise more slowly than the inflation rate

-keep pace with the inflation rate

-have a negative inflation rate

Question 18: Look at the map showing the European Union (EU) and its free-trade agreement (FTA) countries. Which is true about most current EU free-trade agreements? (5 points)

-The European Union's free-trade agreements are with all of the most developed nations in the world.

-The European Union's free-trade agreements include agreements with both developed and developing nations.

-The European Union's free-trade agreements focus on nations with access to overland trade routes

-The European Union's free-trade agreements focus on the Southern Hemisphere, as distant countries have access to goods not grown in Europe.

peachyellowjacket690

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		World Trade Organization
		United Nations
		European Central Bank
		International Human Rights Commission

		import; the lowest
		import; negative
		export; the lowest
		export; the highest

		increased all
		removed some
		removed all
		increased some

		only the smaller
		only the larger
		neither
		each

		Only one
		No
		Every
		Only 3

		1930s.
		1950s.
		1970s.
		1990s.