In traditional economics, buying items where they are cheap and then selling them where they are expensive should __________.
a. lead to prices evening out
b. lead to high demand
c. lead to higher prices
d. decreased demand and falling prices
In Waltz's understanding of international politics, if State A and State B decide to cooperate for their mutual benefit, but State B finds out that State A will benefit slightly more from their cooperation, State B will __________.
a. continue to cooperate as long as its own gains are high
b. continue to cooperate but seek out the aid of an international institution
c. stop cooperating because states are more concerned with relative gains
d. stop cooperating because states are more concerned with absolute gains
Which, according to Waltz, is a reason states resist greater interdependence despite the fact that it could lead to integration like we see in domestic politics?
a. Integration would require a hegemon, which is something no state wants.
b. Integration is only economic, but international politics involves military power.
c. States are only concerned with absolute gains, while integration would require them to focus on relative gains.
d. In international politics, greater dependence means greater vulnerability.
Frankel argues that globalization has been driven by __________.
a. the spread of liberal economic values
b. an unprecedented period of peace due to the democratization of most of the world
c. the self-interest of the wealthiest and most powerful nations
d. reduced transportation and communication costs, and reduced barriers to trade and investment
Rodrik claims that economists are not as open to the public about the costs of free trade because __________.
a. their jobs depend on free trade
b. journalists fail to report the nuances of the argument
c. all other economists appear unanimous on the subject
d. they worry that publically showing any doubts about free trade will embolden selfish protectionists
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