ARIZONA STATE UNIVERSITY POS 351 | POS351 FINALS

ARIZONA STATE UNIVERSITY POS 351 | POS351 FINALS • Question 1 Free trade alters supply and demand by • Question 2 In a liberalized country with an abundance of labor and land but littl e capital, we would expect When U.S. automakers (the Big 3) sought a bailout from the federal government in 2008, the sectoral model would predict • Question 3 • Question 4 In a factor-based model of trade, if a developing country begins producing more shoes and fewer aviation systems, who benefits? • Question 5 If Toyota purchased its parts manufacturers to internalize inputs, this would be an example of which the following? • Question 6 The number of MNCs • Question 7 If a British company builds a new factory in India to manufacture car batteries, this is an example of • Question 8 ExxonMobil and its consortium partners chose to build an oil pipeline in Cameroon because of • Question 9 When a government uses industrial policy to create an area with a favorable environment for MNCs to export from their countries, they are • Question 10 Nationalization and nationalized industries • Question 11 Given the role and power of MNCs in the global economy, • Question 12 Exchange rate systems • Question 13 A government most concerned with providing stability would most likely choose which of the following exchange rate systems? • Question 14 When an American lawyer invests in a startup in Germany, where is this recorded? • Question 15 Within the balance of payments, if the current account has a deficit of US$2.2billion, the capital account • Question 16 When a country's balance of payments suffers an imbalance • Question 17 Under a fixed exchange rate system, an imbalance in the balance of payments would be corrected how? • Question 18 The US and Canadian dollars are examples of • Question 19 Specifically, what type of exchange rate regime does a country use if it does not fix the value of its currency but does intervene on occasion to influence its value? • Question 20 In a floating exchange rate system, a country experiencing a surplus in their balance of payments should naturally experience an adjustment • Question 21 The end of the Bretton Woods international monetary order • Question 22 Given the “unholy trinity”, if a country promotes unencumbered capital flows but wishes to maintain control of monetary policy, it will • Question 23 If you voted for President Obama in 2012 because you had benefitted from capital gains on the sale of your rental condominium and received a cost of living raise at work, what electoral model would explain your decision? • Question 24 Most industrialized, developed countries today have floating exchange rates because • Question 25 Export oriented businesses concerned about competitiveness would prefer which of the following? • Question 26 "Hot Money" • Question 27 The Latin American Debt Crisis was • Question 28 When tariffs are imposed in the U.S. to protect domestic industry, which of the following is most likely to benefit? • Question 29 As described in the American Prospect article assigned, Aribnb • Question 30 Looking at the following payoff matrix of a hypothetical market that supports only one high-tech aeronautical firm with two countries competing internationally, answer the following (quadrants numbered in parantheses): Japanese Firm Produce Not Produce US Firm Produce -10, 10 (I) 100, 0 (II) Not Produce 0, 120 (IV) 0, 0 (III) What is the payoff to the U.S. firm if both the Japanese and the U.S. firms produce?