The Importance of Free Trade for Economic Globalization
Production, Consumption and Efficiency
Do countries protect their production for non-essential goods?
Yes
No
The other answers are correct
Did the Netherlands defend free trade when they were economically dominant?
The other answers are correct
Yes
No
Does Russia defend free trade?
The other answers are correct
No
Yes
When is there often strong domestic pressure to increase tariffs?
The other answers are correct
During expansions
During recessions
What economic policy is closely aligned with anti-globalization?
Protectionism
Free trade
The other answers are correct
Who warned against the "self-serving sophistry" of the industry?
Adam Smith
Thomas Malthus
David Ricardo
What jobs were being lost to foreign competition before?
The technicians
The manuals
The specialists
By what margin do most economists agree that the benefits of free trade outweight the job losses?
10 to 1
3 to 1
2 to 1
What will cause the tariffs?
Decrease the amount of imported goods
Increase the amount of imported goods
The other answers are correct
What is the sale of imported goods at prices below its market value?
Split
Dumping
Share
What happens if a government intervenes in the exchange market to lower the value of its currency?
That the cost of exports will increase
That the cost of exports will decrease
The other answers are correct
What is inflation going to produce in the long term in a country?
The other answers are correct
That the relative price of imports increases
That the relative price of imports decreases
An honest economic model would suggest that it would be better ___
Allow the market to find its own price levels
The CAP to decide the prices to apply to the different products
The other answers are correct
Is the development of world production markets a positive or negative effect of globalization?
Negative
Positive
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The arrival of fiber optic communications, satellites and the increase in telephone and Internet availability, are they a positive or negative effect of globalization?
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Positive
Negative
Is the growth of intercultural contacts a positive or negative effect of globalization?
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Negative
Positive
Has globalization increased equality?
No
Yes
The other answers are correct
How is economic growth conventionally measured?
As the percentage of increase in the nominal Gross Domestic Product
As the percentage of increase in the real Gross Domestic Product
The other answers are correct
How much would a country have grown with a growth rate of 5% per year in two decades?
110%
80%
165%
Does the substitution of imports and the development of export industries create economic growth?
Yes
No
The other answers are correct
What is the goal of the United Nations for development aid?
1.5%
0.7%
2.5%
___ percent of the world's population lives in low-lying areas vulnerable to sea level rise