Unintended Consequences 1
What are you more likely to do if you have car insurance compared to if you did not?
Drive recklessly
What does IBEC stand for?
International Business and Economics Club
What do you call a tax usually imposed on imports?
Tariffs
Name the Dean of COBA
Dr. Shar Self
In Bolivia in the mid-2000s, the government took action against high rates of failing students in public schools by establishing that students can no longer be held back or be given failing grades. What did this result in?
The quality of education in Bolivia has continued to fall in the following 20 years
Between 1980 and 1981, the French government provided a reward for people who found lost nets around the Normandy shore. What effect did this have?
People started vandalizing nets from fishermen
When is our next meeting?
Nov 15th @ 1pm
What do you call a direct/indirect payment from the government to firms, usually meant to help specific industries?
A Subsidy
Where is the International Business and Economics Office located?
2nd floor of SHB
Why are rabbits widespread and considered a serious pest and an invasive species in Australia?
European Rabbits were brought to Australia and bred as food animals during its early colonial history
What is one of the biggest economic incentives for the deforestation of the amazon in Brazil?
Government subsidies for soy bean plantations and cattle farms
Who is our Faculty Advisor?
Dr. Younoh Kim
What is the term used for an indirect cost or benefit to an uninvolved third party, arrising as an effect of another party's activity?
An Externality
What Online degree at the graduate level was introduced in the Fall of 2023 by COBA?
Master of Science in Applied Economics
In 2002, the US government placed tariffs on steel imports in order to protect the US steel industry. What unintended effect tdid this have?
It drove up operating costs for companies who depended on imports, leading to more loss of jobs than a gain in productivity. The tariff was removed in 2003
In the 1960s and 70s, there was a large scale construction of water wells in Bangladesh with the support of international organizations to provide access to clean water. Today Bangladesh is still struggling for access to clean water today. Why?
In the 1990s, it was discovered that many of the shallow tube wells that were constructed were contributing to widespread arsenic contamination of the groundwater
Who is our director of social media?
Maci Wingfield
What is a corrective tax?
A tax designed to reduce the quantity of negative externalities
Who is the current International Business and Economics Department Chair
Dr. Kurt Jesswein
During the late 50's and early 60's, China experienced lower rice yields as a result of their own policies. What was this policy?
As part of the Four Pests Campaign, the Chinese government had ordered the killing of sparrows, who were the largest predators for insects that ate the rice plants
In the 1990's, laws were passed to decrease child fatalities due to passenger airbags by pushing parents to place their children in the back seat. What statistic has increased since then as a result?
Increased number of children left unattended in cars
What is Haylee's E-board Position?
Treasurer
What is a cap-and-trade system?
A system that sets a total quantity of emissions and issues tradable permits to polluting firms
What is the name of the Research Journal that is published every semester by the Center for Business and Economic Development, which works under COBA?
Journal of Business Strategies
What is a positive effect/consequence of sinking retired ships?
It can create artificial coral reefs