Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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QUESTION 9
-
The underlining reason behind the collapse in world trade that many economists believe seriously deepened the depression was
a. |
Cartel |
|
b. |
Quota |
|
c. |
Free trade |
|
d. |
Tariffs |
10 points
QUESTION 10
-
Hegemonic stability theorists argue that in the interwar period
a. |
Britain’s power was declining, but it was still the global hegemon. |
|
b. |
the United States was not yet willing to be the global hegemon |
|
c. |
the United States was beginning to act as the global hegemon. |
|
d. |
Britain was no longer willing to be the global hegemon.
|
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