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ECN 220 Quiz: Test Bank

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School
Ryerson University
Department
Economics
Course
ECN 220
Professor
Michael Jolly

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Document Summary

The midterm test will last 1. 5 hours and you will be asked to answer three short answer questions (out of a choice of six) and one essay question (out of a choice of three). The questions will be chosen from the following lists. Briefly describe three reasons why many primary producing countries during the 1920s experienced low and unstable export prices. Several countries which depended on exporting manufactures experienced slow and unstable growth during the 1920s. Indicate (with brief explanations) two of the reasons for this. Briefly describe two effects of protectionism on the international trading and financial system of the 1920s. Briefly describe how the german hyperinflation of 1922/23 was brought to an end. Explain why german reparation payments were essential to the survival of the international financial system in the 1920s. The gold standard of the 1920s could be described as a gold-foreign exchange system .

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Related Questions

Briefly describe the various financial devices that help exporters solve the problem of a lack of trust in international trade.

Answer the following questions as briefly and precisely as possilble.

a) why do most countries use trade protection tools?

b) Is there any theoretical justification to use trade protection tools?

c) Explain why rich countries subsidize agricultural sector in their economies.

d)Explain why rich countries subsidize high-tech firms in their economies.

e) which countries (and groups within a country) most likely oppse international labor standards? Explain why.

f) explain why some countries use coluntary export restrains (VER) instead of imports quota?

g) list and explain at least there reason as to why contries decide to form regional trade agreements.

h) why we need to make distinction between large and small countries in making trade policy analysis?

Answer the following questions as briefly and precisely as possible

f)explain why some countries use coluntary export restrains (VER) instead of imports quota?

g) list and explain at least there reason as to why contries decide to form regional trade agreements.

h) why we need to make distinction between large and small countries in making trade policy analysis?