Explain the criticisms of labor and environmental clauses and how these are being addressed in the TPP
What will be an ideal response?
Some think that trade agreements should not be about labor and the environment, and so these clauses do not belong in trade agreements. They think that including these clauses gives support to protectionists who will inevitably oppose increased trade flows by making arguments, whether based on fact or not, that the trade partner does not enforce its laws adequately. Others argue that the clauses are meaningless because there is no real enforcement mechanism. In the proposed TPP, basic labor standards are incorporated into the agreement and countries must recognize and enforce environmental standards that have multilateral support. In addition, for the first time, trade sanctions would be allowed as a way to enforce standards.
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A) extensive-form game B) simultaneous-move game C) zero-sum game D) mixed strategy game
Suppose that for several periods the aggregate demand and supply curves have been intersecting at the same point, and at full employment. Then the central bank increases money growth as the result of an unannounced policy change
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A. a more legitimate B. a less legitimate C. just as legitimate a D. a more stable
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