The concept of comparative advantage was developed by
a. Adam Smith. c. David Ricardo.
b. Alexander Hamilton. d. Robert Schuman.
________ occurred as social scientists and other academics provided many of the ideas that became the basis of U.S. national security policy during the cold war years, such as nuclear deterrence theory, the theory of limited war, intelligence analysis and operations, counterinsurgency warfare, and Third World development strategies for nation-building and modernization.
a. Revolving door system c. Power politics
b. Outside lobbying d. Militarization of research
One of the basic principles of international trade refers to how states produce what they are best at producing and then trading the surplus for other goods. This is also known as
a. surplus trade rules. c. comparative advantage.
b. export controls. d. none of the above.
Which president warned against the rise of the military industrial complex in his farewell address?
a. John F. Kennedy c. Lyndon B. Johnson
b. Dwight D. Eisenhower d. Harry S. Truman
Comparative advantage suggests that states
a. produce only goods that can be produced most cost efficiently and trade for the rest.
b. compare and adjust their economic development strategies in order to gain advantage.
c. produce only goods with high value added comparative advantage.
d. produce pizza instead of beer.
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