Which of the following is correct about the imperial international system? O A. It is the current international system today. B. The US in the 20th century is a classic example of imperialism. O C. Imperialism predates the modern nation state system. D. An imperial state usually treats its colonies as equals. Which of the following ideologies/political cultures is most distinct from the other three? O A. Populism O B. Multiculturalism OC. Cosmopolitanism O D. Elitism

Which of the following is correct about the imperial international system? O A. It is the current international system today. B. The US in the 20th century is a classic example of imperialism. O C. Imperialism predates the modern nation state system. D. An imperial state usually treats its colonies as equals. Which of the following ideologies/political cultures is most distinct from the other three? O A. Populism O B. Multiculturalism OC. Cosmopolitanism O D. Elitism

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter33: International Trade

Section: Chapter Questions

Problem 1WNG

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A. Did you follow the still ongoing discussion about free trade in the recent election cycle? Do you thinkthat the USA is tending toward a mercantilist approach and likely to impose restrictions on foreign tradeover the next few years?B. Do you agree or disagree with Adam Smith that we are better off with some form of free trade, thanwould be the case if each country raised or lowered tariffs based on its own economic needs and politicalphilosophy? Provide a logical reason for your answer.Not at all Somewhat Completely1 2 3 4 5 6 7 8 9 10C. Thomas Freedman made the following statement in the “World is Flat”. He maintains that technologymakes it possible to compete with, or collaborate with anyone, anywhere in the world. Globalization, heargued is both inevitable and desirable. The winners says Freedman, will be the countries andcompanies that can respond quickly to change and that the loser will be those who are slow to do so.“Whatever our political and philosophical points of view we…
The graphs below show the production possibilities frontiers for sugar and corn in South Africa and the United States. Instructions: Round your answers to two decimal places. First, assume the countries do not trade and can only consume what they produce. a. If South Africa produces 1 million tons of sugar, how much corn will it be able to produce? ____ million tons of corn b. If the United States produces 3 million tons of corn, how much sugar will it be able to produce? _____ million tons of sugar Now suppose the countries are considering trading. c. Which country has the comparative advantage in producing each good? South Africa has the comparative advantage in the production of _____ . The United States has the comparative advantage in the production of ______ . d. If South Africa fully specializes based on comparative advantage, how much will it produce? ____million tons of sugar and ____ million tons of corn e. If the…
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Answer th following: If Nation 2 is to enter trade. In what good will it specialize? Why? If Nation 2 is to specialize in the good of its comparative advantage, how much good X and good Y will Nation 2 produce? Suppose after specialization, Nation 2 exports 100 units of the good of its comparative advantage [your answer in 1], how much of X and Y will it consumer after trade Will Nation 2 enjoy welfare gains from trade? Provide evidence
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Q32 A country that engages in no foreign trade is said to be in a situation of... a. Reciprocal absolute advantage. b. Absolute advantage. c. Comparative advantage. d. Economic empowerment. e. Autarky. Clear my choice
International trade
How did the U.S. emerge from World War Il as a superpower? O. Although the U.S. entered World War II late, it fought in two theatres, providing it with the largest footprint of any country during the war. And because combat did not occur on U.S. soil (with Pearl Harbor the exception), the U.S. emerged relatively unscathed. Growing tensions with the USSR over postwar borders made cetain that the United States would not retreat into isolationism after the war while the development of the atomic bomb cemented its place as the strongest military power on Earth. O. Because the U.S. entered the war late, it was more refreshed than any other country and was therefore able to engage in a swift and powerful offensive against the Nazis. FDR called for an invasion of Normandy within 6 months of joining the war and within less than a year had pushed Hitler's troops back to the Rhine. When American troops marched into Berlin, the Soviets were still defending Russia. Therefore, the U.S. came…
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Candonia has a comparative advantage in the production of , while Desonia has a comparative advantage in the production of . Suppose that Candonia and Desonia specialize in the production of the goods in which each has a comparative advantage. After specialization, the two countries can produce a total of
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