TEST ECO4ESO 601 - Created by Antonio Ginés

What is the type of trade policy that allows traders to act and trade without government interference called?
1. Free trade
2. Protectionism
3. Mercantilism
In what year was "The Wealth of Nations" written?
1. In 1805
2. In 1776
3. In 1870
What has been the most common approach in commodity trading?
1. The other answers are correct
2. Protectionism
3. Free trade
Did the UK advocate free trade when it was economically dominant?
1. The other answers are correct
2. No
3. Yes
What causes customs levels to decrease?
1. The other answers are correct
2. That there are more customs measures
3. That there are no customs measures
Why is there often strong domestic pressure to increase tariffs during recessions?
1. To protect national industries
2. To protect free trade
3. The other answers are correct
What policy contrasts with free trade?
1. Protectionism
2. Consumerism
3. The other answers are correct
During mercantilism, who sought to gain and advantage at the expense of consumers since they should pay higher prices for products that can be purchased in other countries at a lower price?
1. The construction
2. The industry
3. The other answers are correct
What jobs are being lost now, besides the manuals?
1. Those of the technicians
2. Those of the specialists
3. The other answers are correct
By how far do some economists agree that the benefits of free trade outweight the job losses?
1. 100 to 1
2. 25 to 1
3. 10 to 1
According to the notes, which country has imposed tariffs on exports?
1. The United States
2. China
3. The European Union
How are government subsidies given to local companies that can't compete against foreign imports?
1. Cheap loans
2. The other answers are correct
3. Lump sum payments
How can a government improve its trade balance?
1. Intervenign in the exchange market to increase the value of its currency
2. The other answers are correct
3. Intervenign in the exchange market to decrease the value of its currency
Advocates of ___ are among those who disagree with any type of government intervention?
1. Free market
2. Mercantilism
3. Protectionism
How many member states does the European Union have?
1. 19
2. 27
3. 23
The emergence of world financial markets, is it a positive or negative effect of globalization?
1. The other answers are correct
2. Positive
3. Negative
What is the most popular language?
1. Chinese
2. French
3. English
Is the fact that there is more international travel and tourism a positive or negative effect of globalization?
1. Positive
2. Negative
3. The other answers are correct
Has globalization increased environmental degradation?
1. No
2. Yes
3. The other answers are correct
What timeframe is economic growth primarily concerned with?
1. The medim-term
2. The short-term
3. The long-term
How much would a country have grown with a growth rate of 3% per year in two decades?
1. 80%
2. 165%
3. 110%
What example of import substitution appear in the notes?
1. South Korea
2. The other answers are correct
3. Taiwan
How many countries reach the United Nations development aid target of 0.7%?
1. The other answers are correct
2. Many
3. Few
What is there?
1. Overfishing
2. A controlled use of fishery resources
3. The other answes are correct
One of the solutions to reduce overexplotaition is the use of a sensible and sustainable ___
1. Aquatrend
2. Aquaculture
3. The other answers are correct
What is the name of the concept developed towards the end of the 20th century as an alternative to the concept of habitual development, emphasizing the reconciliation between economic growth, natural resources and society, avoiding compromising the possibility of life on the planet, nor the quality of life of the human species?
1. Unfair development
2. Smart development
3. Sustainable development