PA 315 Final study guide Essay

1288 WordsMar 16, 20156 Pages
Question 1 Which of the following arguments states that a country should restrict trade to protect industries that provide social usefulness, such as domestic R&D? Spillover effects Question 2 World Bank primarily loans money to countries that need short-term credit to shore-up their economies. False Question 3 One form of protectionism is to place limit on the amount of an incoming product. This is called Import quota Question 4 Neoliberalism refers to a political movement that espouses economic liberalism as a means of promoting economic development and securing political liberty. True Question 5 Tariffs, import quotas, and regulatory barriers are forms of protectionism that “unfairly” promote domestic…show more content…
They have made modest progress in technical accountability. False Question 28 A subsidy for a fledgling industry is an example of protectionism. True Question 29 Which of the following is NOT a policy advanced by neoliberalism? Exchange control Question 30 The European Court of Justice is roughly equivalent to our Supreme Court. The European Court of Auditors is roughly equivalent to our GAO (General Accountability Office) and CBO (Congressional Budget Office). True Question 31 Which of these arguments is used against neoliberalism? All of the above Environmental destruction is enhanced by it The top 500 wealthiest people in the world have more wealth than the bottom half Income disparity has been growing since WWII Question 32 According to the lecture, the economist David Ricardo revealed that trade provides benefits to both countries, even when the relative costs of producing all products are higher in one country than the other. True Question 33 The economist, David Ricardo, is associated with which of the following economic theories? All of the above Specialization Comparative advantage Absolute advantage Question 34 Some negative impact(s) of IFIs has/have been which of the following? All of the above Increasing the gap between rich and poor Fostering immense ecological and environmental damage
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