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babdo babdo
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Posts: 500
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6 years ago
The assumption that the interests of individual consumers are consistent with the interests of the larger society and nation
 
  a. is an integral part of the case for free trade.
  b. is an integral part of the case against free trade.
  c. was advanced by Friedrich List.
  d. was rejected by David Ricardo.



Richard Cobden
 
  a. was one of the founders of the World Bank.
  b. advocated mercantilism.
  c. worked for repeal of the Corn Laws.
  d. opposed the North American Free Trade Agreement.



According to the theory of comparative advantage,
 
  a. economic specialization is generally a good thing.
  b. trade is bad because it makes states vulnerable.
  c. free trade benefits consumers.
  d. new industries need to be protected from foreign competition.



The Corn Laws
 
  a. reflected the economic nationalism of the 1920s.
  b. are an integral part of NAFTA.
  c. were an early example of free trade legislation.
  d. restricted agricultural imports.



The Liberal International Economic Order has been in place since
 
  a. the end of World War II.
  b. the French Revolution.
  c. the League of Nations was created.
  d. the American Revolution.
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