When and under what circumstances is intervention in international trade justified on market correction grounds? What preconditions would have to be met from the government side for there to be a reasonable likelihood of success?
What will be an ideal response?
Question 2 - Which of the following is a low-income country?
a. Mexico
b. Thailand
c. Turkey
d. Bangladesh
Question 3 - Privatization is a process of
a. breaking up large government companies into small government companies
b. selling government companies to private individuals
c. consolidating small government companies into larger ones
d. government buying private companies
e. none of the above
Question 4 - Solow's growth model improved upon the Harrod-Domar results by
a. incorporating technological change into the model
b. making a economic growth a reasonable outcome rather than one dictated by specialcircumstances
c. assuming that GDP would fluctuate, rather than grow steadily
d. removing investment from the model
e. none of the above
Question 5 - The United States can be called a net debtor nation. This means that
A) the value of U.S. assets held abroad is worth less than the value of foreign assets held in the U.S.
B) the U.S. government owes more money than it takes in.
C) the value of the U.S. currency is less than the value of currencies for our main trading partners.
D) the U.S. manufactures more goods abroad than it manufactures domestically.
Quick Reply
