Pos 486 - Study guides, Class notes & Summaries

Providing enough questions to use as revision material for the final POS 486 final exam

• Question 1 Free trade alters supply and demand by Selected Answer: Correct Answer: Response Feedback: 4. providing gains in the form of increased revenue to domestic producers 2. lowering the price, thereby increasing the quantity demanded See Chapter 3, "The Economic Case for Free Trade" and Lecture 3 • Question 2 In a liberalized country with an abundance of labor and land but little capital, we would expect Selected Answer: Correct Answ...

Question 1 0 out of 2.5 points Which of the following is NOT a policy that trade liberalization would seek to eliminate? Selected Answer: Correct Answer: Response Feedback: 4. domestic content requirements 2. trade agreements Refer to Chapter 1, pp. 22-24, and Assignment 1 • Question 2 Which of the following does NOT describe the WTO? 2.5 out of 2.5 points Selected Answer: Correct Answer: Response Feedback: 2. was drafted in Havana, Cuba in 1948 2. was drafted in ...

POS 486 Midterm Exam Latest Update with complete solution

POS 486 - POS 486 MIDTERM EXAM. QUESTIONS AND ANSWERS. COMPLETE SOLUTIONS. A+ GRADED. Question 1 0 out of 2.5 points Which of the following is NOT a policy that trade liberalization would seek to eliminate? Selected Answer: 4. domestic content requirements Correct Answer: 2. trade agreements Response Feedback: Refer to Chapter 1, pp. 22-24, and Assignment 1  Question 2 2.5 out of 2.5 points Which of the following does NOT describe the WTO? Selected Answer: 2. was dra...

POS 486 Midterm Exam Latest Update With Complete Solution(All questions have been answered correctly)

POS 486 FINAL EXAM - Questions, Answers and Response Feedback Question 1 Free trade alters supply and demand by Question 2 In a liberalized country with an abundance of labor and land but little capital, we would expect Question 3 When U.S. automakers (the Big 3) sought a bailout from the federal government in 2008, the sectoral model would predict Question 4 In a factor-based model of trade, if a developing country begins producing more shoes and fewer aviation systems, who benefits? Question 5...

POS 486 FINAL EXAM - Questions, Answers and Response Feedback Question 1 Free trade alters supply and demand by Question 2 In a liberalized country with an abundance of labor and land but little capit al, we would expect Question 3 When U.S. automakers (the Big 3) sought a bailout from the federal government in 2008, the sectoral model would predict Question 4 In a factor-based model of trade, if a developing country begins producing more shoes and fewer aviation systems, who benefits? Question ...

POS 486 MIDTERM Which of the following is NOT a policy that trade liberalization would seek to eliminate? Which of the following does NOT describe the WTO? The WTO relies on The majority of regional trade agreements The enforcement problem of trade agreements refers to the fact that If more trade is created than diverted, a regional trade agreement (RTA) The difference between a FTA and a Customs Union Consumption Indifference Curves In an autarkic country, the `production possibility frontier'...