POS 486 (POS 486)

POS 486 Midterm Exam 100% Complete Arizona State University/POS 486 Midterm Exam 100% Complete Arizona State University

Arizona State University - POS 486 / POS486 Finals (2020)

POS 486 FINAL EXAM • Question 1 Free trade alters supply and demand by Selected Answer: 4. providing gains in the form of increased revenue to domestic producers Correct Answer: 2. lowering the price, thereby increasing the quantity demanded Response Feedback: See Chapter 3, "The Economic Case for Free Trade" and Lecture 3 • Question 2 In a liberalized country with an abundance of labor and land but little capital, we would expect Selected Answer: 2. agricultural interests to be export-ori...

• Question 1 1 out of 1 points Which of the traditional schools of IPE emphasizes the distributional conflict inherent between labor and capital? Selected Answer: 1. Marxism Correct Answer: 1. Marxism • Question 2 1 out of 1 points The WTO's dispute settlement mechanism Selected Answer: 3. helps member governments resolve disputes and authorizes punishment in the event of noncompliance Correct Answer: 3. helps member governments resolve disputes and...

• Question 1 1 out of 1 points If the Brazilian currency, the Real, appreciates by 18% relative to the Argentine peso, Selected Answer: c. Brazilian pay 18% less for Argentine goods/services Correct Answer: c. Brazilian pay 18% less for Argentine goods/services Response Feedback: Comprehension question based on devaluation of currency; see Chapter 10 • Question 2 1 out of 1 points The US dollar is an example of Selected Answer: a. a floating currency ...