FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 2: Trade

Show Answer

Share

---

All types

Filters

Study Flashcards

Question 21

Essay

Review LaterAdd Note

Review Later

What is the likely impact of the failure of the trade facilitation deal on the agreement of the WTO's Doha Round negotiation?

Correct Answer

verified

Show Answer

Question 22

Multiple Choice

Review LaterAdd Note

Review Later

Which of the following is still an issue that remains between developing and developed nations in the Doha Round?

A) Agricultural subsidies
B) Anti-dumping issues
C) Intellectual property rights
D) All of the above

E) All of the above
F) C) and D)

Correct Answer

verified

Show Answer

Question 23

Essay

Review LaterAdd Note

What is the general perception about the dominance of "Made in China" products among the American people? Is there any myth about it?

What is comparative advantage and why is it important in trade?

Which of these is not a political argument for government protectionism of free trade?

What are key remaining issues that the Doha Round needs to deal with to reach an agreement? Do you think that regional free trade agreements such as TPP will continue to increase in the future? If so, please explain your reasoning.

What was the ruling of the WTO regarding the trade dispute between Boeing and Airbus?

Which of the following is a pitfall for using infant industry arguments for government protectionism of free trade?

What are the major trends in global trade? Are there any particular phenomena to which we need to pay close attention?

Why do think that the EU and the U.S. government have been supporting the production of commercial airplanes?

What are the expected impacts of providing President Obama with fast-track authority on the negotiation of the TPP?

An example of a supporting industry that would help a firm gain a competitive advantage in the auto industry is:

Why did India veto the final agreement on this deal?

How is comparative advantage theory different from absolute advantage theory? Why do some economists believe that comparative advantage theory may no longer hold in this global economy?

Which of the following was not a key achievement in the Uruguay Round of multilateral trade negotiations?

Explain the key issues still remaining in the conclusion of the Doha Round.

Which of the following best describes absolute advantage theory?

Which of the following best describes first-mover advantage?

Mercantilism is based on the premise that trade is a _________ sum game in which only those exporting countries benefit from it while importing countries do not gain anything.

How was the form of subsidies received by Airbus different from that received by Boeing? Who do you think has more substantially subsidized the manufacturing of new airplanes and why?