Question 1

Nongovernmental organizations (NGOs) are not uniform in their position on international trade.

Accepted Answer

A) True 
 B)False

Question 2

The additional cost of efforts to improve the environment typically decreases as more resources are devoted to improvement efforts.

Accepted Answer

A) True 
 B)False

Question 3

Parallel imports are goods or services brought into a country:

Accepted Answer

A)  by the domestic government alongside domestic private individuals and firms. 
B)  by a foreign government alongside domestic private individuals and firms. 
C)  by the owner of an existing copyright, trademark, or patent duplicating the intellectual property right in the importing nation. 
D)  without authorization of the owner of a copyright, trademark, or patent after initially being legitimately placed into circulation in some other locale. 
A)  by the domestic government alongside domestic private individuals and firms. 
B)  by a foreign government alongside domestic private individuals and firms. 
C)  by the owner of an existing copyright, trademark, or patent duplicating the intellectual property right in the importing nation. 
D)  without authorization of the owner of a copyright, trademark, or patent after initially being legitimately placed into circulation in some other locale.

Question 4

The potential for a seller to alter behavior in an undesirable way following an economic transaction is called:

Accepted Answer

A)  a positive externality. 
B)  a negative externality. 
C)  adverse selection. 
D)  moral hazard. 
A)  a positive externality. 
B)  a negative externality. 
C)  adverse selection. 
D)  moral hazard.

Question 5

Under the TRIPS agreement, copyrights have a minimum duration of 50 years.

Accepted Answer

A) True 
 B)False

Nongovernmental organizations (NGOs) are not uniform in their position on international trade.

The additional cost of efforts to improve the environment typically decreases as more resources are devoted to improvement efforts.

Parallel imports are goods or services brought into a country:

The potential for a seller to alter behavior in an undesirable way following an economic transaction is called:

Under the TRIPS agreement, copyrights have a minimum duration of 50 years.

Understanding the Global Economy

Comparative Advantage: How Nations Can Gain From International Trade

Sources of Comparative Advantage

Regulating International Trade: Trade Policies and Their Effects

Regionalism and Multilateralism

Balance of Payments and Foreign Exchange Markets

Exchange Rate Systems: Past to Present

The Power of Arbitrage: Purchasing Power and Interest Rate Parities

Global Money and Banking: Where Central Banks Fit Into the World Economy

Contemporary Global Economic Issues and Policies

Economic Development

Industrial Structure and Trade in the Global Economy: Businesses Without Borders

Dealing With Financial Crises: Does the World Need a New International Financial Architecture

Filters

Exam 13: The Public Sector in the Global Economy

Nongovernmental organizations (NGOs) are not uniform in their position on international trade.

The additional cost of efforts to improve the environment typically decreases as more resources are devoted to improvement efforts.

Parallel imports are goods or services brought into a country:

The potential for a seller to alter behavior in an undesirable way following an economic transaction is called:

Under the TRIPS agreement, copyrights have a minimum duration of 50 years.

Understanding the Global Economy

Comparative Advantage: How Nations Can Gain From International Trade

Sources of Comparative Advantage

Regulating International Trade: Trade Policies and Their Effects

Regionalism and Multilateralism

Balance of Payments and Foreign Exchange Markets

Exchange Rate Systems: Past to Present

The Power of Arbitrage: Purchasing Power and Interest Rate Parities

Global Money and Banking: Where Central Banks Fit Into the World Economy

Contemporary Global Economic Issues and Policies

Economic Development

Industrial Structure and Trade in the Global Economy: Businesses Without Borders

Dealing With Financial Crises: Does the World Need a New International Financial Architecture

Filters