TEST ECO4ESO 602 - Created by Antonio Ginés

What kind of trade policy allows traders mutual trading partners to gain from trade?
1. Free trade
2. Protectionism
3. Mercantilism
Who demonstrated the benefits of trade via specialization?
1. Adam Smith
2. David Ricardo
3. Benjamin Franklin
What has been the most common approach to trade in agricultural products?
1. The other answers are correct
2. Protectionism
3. Free trade
Does Australia defend free trade?
1. The other answers are correct
2. No
3. Yes
Are the agricultural interests of poor or developing countries usually in favor of free trade?
1. The other answers are correct
2. No
3. Yes
What happened during the Great Depression?
1. That there was strong internal pressure to increase tariffs
2. That there was strong internal pressure to decrease tariffs
3. The other answers are correct
Where are government barriers to trade in free trade maintained?
1. To a minimum
2. To a maximum
3. The other answers are correct
What do all economists think today?
1. That free trade is harmful
2. That protectionism is harmful
3. The other answers are correct
What jobs are being lost now, besides the manuals?
1. Those of the technicians and specialists
2. The offices ones
3. The other answers are correct
As a general rule, what goods are tariffs imposed on?
1. On imported goods
2. On exported goods
3. None of the other answers is correct
What tariffs are perceived as harmful to local industry?
1. The other answers are correct
2. The exports ones
3. The imports ones
What example of direct subsidies appears in the notes?
1. Coca-Cola
2. Santana Motor
3. Pepsi-Cola
According to the notes, which country has kept its currency artificially devalued to favor its exports and limit its imports?
1. Germany
2. The United States
3. China
A ___ without interference will allocate resources more efficiently?
1. Free market
2. Mercantilism
3. Protectionism
What treaty created the European Union?
1. Schengen
2. Maastricht
3. Lisbon
The creation of a global common market, is it a positibe or negative effect of globalization?
1. The other answers are correct
2. Positive
3. Negative
What percentage of the couriers, telexes and cables are in English?
1. 50%
2. 40%
3. 35%
Is the development of the non-governmental organization system a positive or negative effect of globalization?
1. Positive
2. Negative
3. The other answers are correct
What is the name of the trading system based on dialogue, transparency and respect, which seeks greater equity in international trade, paying special attention to social and environmental criteria?
1. Consumerism
2. Fair trade
3. The other answers are correct
What is the short-term change in economic growth called?
1. Expansion
2. Growth
3. Economic cycle
How should the Gross Domestic Product grow?
1. Without creating inflation
2. Creating inflation
3. The other answers are correct
What example of export industry policies appears in the notes?
1. The one with the Central American countries
2. The one wiht the four Asian tigers
3. The one wiht the South America countries
What is called the current of political, economic, and social thought favorable to the regular controlled decrease of economic production, with the aim of establishing a new equilibrium relationship between human beings and nature, but also between human beings themselves?
1. Teory of Fair Trade
2. Theory of Development
3. Theory of Decrease
A coral ___ is taking place
1. Bleaching
2. Darkening
3. The other answes are correct
Syntetic chemical production has ___ since World War II
1. Decreased
2. Increased
3. The other answers are correct
What is one of the principles of European environmental policy?
1. Cleaning the contaminated must be paid for by society as a whole
2. The other answers are correct
3. Whoever pollutes pays