reason behind the collapse

MACROECONOMICS
14th Edition
ISBN:9781337794985
Author:Baumol
Publisher:Baumol
Chapter21: Contemporary Issues In The U.s. Economy
Section: Chapter Questions
Problem 3DQ
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QUESTION 9

  1. 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

  1. 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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