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- International economics is theory that helps explain how the real world works. Is this statement true or false?In the context of governance and politics, internationalism which was coined by Jeremy Bentham is supported by which statement?Does internationalism differ in essence from globalism? Explain.
- The United States is the single most important economic partner of just about every country and territory in this realm- is this a plus or a minus for Middle America?According to the globalist viewpoint, organisations like the United Nations and International Monetary Fund have a negative impact on nation-states. True FalseInternational economics is theory that helps explain how the real world works. Is this true or, based on life experiences (including education), there are some doubts to MANY doubts?
- The ideas of the Mercantilists are alive today. Which of these would a modern day Mercantilist agree with? a. Trade with other nations should be as open and free as possible. b. The Government should introduce policies that lead to a positive trade balance. c. The accumulation of foreign exchange reserves is irrelevant. d. The Government should own the means of producing goods and services. In the Great Depression, deflation caused unemployment because a. the real value of loans increased so firms had to cut back on staff. b. household incomes reduced as prices fell meaning less spending on goods and services. c. the Government reduced support to businesses meaning many closed down. d. with sticky nominal wages, labour becomes more expensive in real termsRegionalism vs globalizationWhat is international economics about ? What can a country gain from trade ? Explain by giving examples.
