Trade Theory
To Trade or Not to Trade?
Financial Crisis by year
Who Supports it? Who Opposes it?
Lending, Institutions, and Investments...oh my!
100
The principle that a nation gains most by specializing in producing and exporting what it produces most efficiently
What is Comparative Advantage
100
The use of specific measures to shield domestic producers from imports
What is Protectionism
100
2008
What is the Global Financial Crisis
100
Austerity measures in a state
What is foreign lenders; domestic government (PRO) Citizens (CON)
100
Volkswagon owning facilities in non-German countries is an example of this type of investment
What is Foreign Direct Investment
200
Theorem which suggests China will export textiles while the USA will export capital
What is the Heckscher-Ohlin Theorem
200
"Game" that best exemplifies states proclivity to defect from trade agreements with one another
What is the Prisoner's Dilemma
200
1929
What is the Great Depression
200
Increased tariffs on sugar imported to the US
What is US sugar producers (PRO) US consumers; foreign sugar producers (CON)
200
The threat of this is the principal bargaining weapon for a debtor government
What is Default
300
Economic law dictating the price individuals are willing to pay for a good
What is Supply and Demand
300
Principal suggesting a state must give the same trading terms to others as a particular state
What is Most Favored Nation status
300
1997
What is the Asian Financial Crisis
300
Unskilled labor immigrants entering a country to work for a corporation
What is employers; new employees (PRO) Domestic employees (CON)
300
A non-controlling investment in a foreign company
What is a Portfolio Investment
400
His "Wealth of Nations" introduced the concept of specialization to production
Who is Adam Smith
400
The collective term for quotas, regulations, and subsidies aimed at deterring imports (as opposed to direct taxation)
What are Non-Tariff Barriers
400
1982
What is the Latin American Debt Crisis
400
An American multinational building a factory in an African country
What is local workers (PRO) American workers; ; local owners of capital (CON)
400
Institution primarily focusing on debt and currency crises
What is the International Monetary Fund
500
The Stolper-Samuelson Theorem suggests trade protection benefits the __________ factors of production
What is Scarce
500
Three of the four ways of overcoming cooperation problems in trade relations
What are Small Numbers, Information, Repeated Interaction, and Linking
500
1998
What is the Brazilian or Russian Debt Crisis
500
Trade liberalization in land-abundant Canada
What is landowners (PRO) Workers; owners of scarce factors (CON)
500
The five countries making up the "PIIGS" group in the European debt crisis
What is Portugal, Ireland, Italy, Greece, and Spain
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