Exam 9: Restating the Case for Free Trade

Which of the following Nobel laureates in economics is best known for his contribution to the importance of how institutions impact economic outcomes and human behavior?

The main theme of Lewer and Van den Berg's (2007) manuscript International Trade and Economic Growth is:

The title of Douglas Irwin's famous book on static trade analysis and economic growth is entitled:

In this manuscript, Seabright (2004) mentions the inherent problems that arise from depending on strangers. Seabright calls the recent idea of specialization and dealing with strangers as:

The gains from dealing with strangers: There are three fundamental advantages from expanding the number of people we interact with. Which of the following is not one of the three fundamental advantages from dealing with strangers as mentioned by Seabright (2004)?