Modern scholars believe trade to be a bilateral interaction between countries.
a. True
b. False
Indicate whether the statement is true or false
Greece has dealt with debt issues for years while simultaneously suffering from a stagnant, lagging economy. Some argue that Greece must slash spending and enact severe austerity measures. Others argue that these measures will make Greece's economy even worse by increasing unemployment. Explain both sides of this argument. Which do you agree with? Why?
What will be an ideal response?
What are some of the positive and negative consequences to globalization? Why would autocratic regimes tend to refuse to integrate into the global economy more so than democratic regimes? Explain your answer.
What will be an ideal response?
Describe the economic crisis of 2008 . Describe the four stages of the crisis. What have been the impacts of the crisis? How has the crisis called into question the free marketoriented Washington Consensus that has dominated since World War II? How have the powerful countries dealt with the crisis?
What will be an ideal response?
Describe the Bretton Woods system. Why did the United States leave the Bretton Woods system and adopt floating exchange rates to determine currency values?
What will be an ideal response?
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