list of probable questions for preparation to examination

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list of probable questions for preparation to examination. 1. what factors explain why the world's trading nations have become increasingly interdependent, from an economic viewpoint, during the post-world war ii era? 2. what are some of the major arguments for and against an open trading system? 3. what significance does growing economic interdependence have for a country like the united states? 4. what factors influence the rate of growth in the volume of world trade? 5. what are the major false judgments on international trade? 7. what is the relation between a firm's productivity and exposure to global competition? 8. when is international trade an opportunity and when is it a threat to workers? 9. what are the major challenges confronting the international trading system? 10. what problems does terrorism pose for globalization? 11. what are the basic questions with which modern trade theory is concerned? 12. how did smith's …

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on and trade are discussed in terms of production gains and consumption gains. what do these terms mean? 20. what is meant by the term trade triangle? 21. what are the effects of transportation costs on international trade patterns? 22. explain how the international movement of products and of factor inputs promotes an equalization of the factor prices among nations. 23. how does the heckscher-ohlin theory differ from ricardian theory in explaining international trade patterns? 24. the heckscher-ohlin theory demonstrates how trade affects the distribution of income within trading partners. explain. 25. how does the leontieff paradox challenge the overall applicability of the factor-endowment model? 26. according to staffan linder, there are two explanations of international trade patterns- one for manufactures and another for primary (agricultural) goods. explain. 27. do recent world-trade statistics support or refute the notion of a product life cycle for manufactured goods? 28. how can economies …

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do these concepts relate to a country's economic welfare? 36. when a nation imposes a tariff on the importation of a commodity, economic inefficiencies develop that detract from the national welfare. explain. 37. what factors influence the size of the revenue, protective, consumption, and redistributive effects of a tariff? 38. a nation that imposes tariffs on imported goods may find its welfare improving should the tariff result in a favorable shift in the terms of trade. explain. 39. which of the arguments for tariffs do you feel are most relevant in today's world? 40. although tariffs may improve the welfare of a single nation, the world's welfare may decline. under what conditions would this be true? 41. what impact does the imposition of a tariff normally have on a nation's terms of trade and volume of trade? 42. would a tariff imposed on u.s. oil imports promote energy development and …

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y dumping. 53. a subsidy may provide import-competing producers the same degree of protection as tariffs or quotas but at a lower cost in terms of national welfare. explain. 54. rather than generating tax revenue as do tariffs, subsidies require tax revenue. therefore, they are not an effective protective device for the home economy. do you agree? 55. which tends to result in a greater welfare loss for the home economy: (a) an import quota levied by the home government or (b) a voluntary export quota imposed by the foreign government? 56. what would be the likely effects of export restraints imposed by japan on its auto shipments to the united states? 57. why might u.s. steel-using firms lobby against the imposition of quotas on foreign steel sold in the united states? 58. concerning international dumping, distinguish between the price-based and cost-based definitions of foreign market value. 59. what is …

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sult of import competition? 68. under the tokyo round of trade negotiations, what were the major policies adopted concerning non-tariff trade barriers? what about the uruguay round? 69. describe the industrial policies adopted by the u.s. government. how have these policies differed from those adopted by japan? 70. if the united states is a net importer of a product that is being subsidized or dumped by japan, not only do u.s. consumers gain, but they gain more than u.s. producers lose from the japanese subsidies or dumping. explain why this is true. 71. what are the major reasons for the skepticism of many developing nations regarding the comparative-advantage principle and free trade? 72. stabilizing commodity prices has been a major objective of many primary product nations. what are the major methods used to achieve price stabilization? 73. what are some examples of international commodity agreements? why have many of them …

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list of probable questions for preparation to examination. 1. what factors explain why the world's trading nations have become increasingly interdependent, from an economic viewpoint, during the post-world war ii era? 2. what are some of the major arguments for and against an open trading system? 3. what significance does growing economic interdependence have for a country like the united states? 4. what factors influence the rate of growth in the volume of world trade? 5. what are the major false judgments on international trade? 7. what is the relation between a firm's productivity and exposure to global competition? 8. when is international trade an opportunity and when is it a threat to workers? 9. what are the major challenges …

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