An Overview of World Trade
International Trade Equilibrium
Protection
Commercial Policy
100
Trade between industrial countries accounts for the ___________ of international trade.
What is majority
100
The relative opportunity costs of prodding goods in different countries
What is comparative advantage
100
Protection from foreign competition generally _________ domestic producers at the expense of ___________
What is benefits; domestic consumers
100
The organization that works to achieve reductions in trade barriers
What is the World Trade Organization
200
The most important trading partners of the US are
What is Canada, Mexico, China and Japan
200
Technology differences associated with differences in productivity
What is The Ricardian theory
200
advocates of this: import restrictions as a means of lowering foreign restrictions ob markets for domestic exports
What is Fair Trade
200
a limit on the monetary value of a good that may be imported
What is value quota
300
The most heavily traded category of goods in the world
What is Fuels
300
Differences in resource endowments
What is Heckscher-Ohlin (Factor Abundance)
300
an important source of revenue in developing nations
What is tariffs
300
a limit on the amount of a good that may be importated
What is quantity quota
400
An advantage derived form one country having a lower absolute input cost of producing a particular good than another country
What is absolute advantage
400
Early advantage to innovators; later advantage to efficient copiers
What is Product life cycles
400
provides domestic increasing-retursn-to-scale industries with an advantage over foreign competitors
What is strategic trade policy
400
payments by the government to domestic producers
What is subsidies
500
May 25
What is GRADUATION
500
365
What is the number of days in a year
500
polos + khakis
What is Standard Dress
500
$2
What is The ridiculous amount of money we pay for the privilege to wear jeans
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