What has happened to the free trade agenda in the last few years, and in particular to the fate of the Doha Round of trade negotiations?
What will be an ideal response?
The Doha Round of trade talks was launched at a meeting of trade ministers in Doha, Qatar, in November 2001. More than seven years into the negotiations, little progress has been made, and in July 2008 the talks collapsed.
You might also like to view...
A key to gaining cooperative behavior in a repeated game is:
A. that the game must be repeated indefinitely. B. there must be a definitive end to the game. C. the players must commit to always acting in their own self-interest. D. at least one player must have a dominant strategy.
According to the Economic Freedom of the World measure, the United States was
a. the freest economy in the world during 1980-2000. b. the third freest economy in the world, behind only Hong Kong and Singapore during 1980-2000. c. less free than Australia and Canada throughout the 1980-2000 era. d. less free than the large economies of Western Europe throughout the 1980-2000 era.
The U.S. government does not allow toggle switches for power windows in automobiles. The National Highway Traffic Safety Administration found that the regulation will save about two children every three years and have negligible costs because the industry will have plenty of time to incorporate new switches into future vehicles. Evaluating this rule in terms of costs and benefits, an economist most likely would conclude that:
A. it is a bad decision because the chances of a child dying (less than one per year) are so small that they can be ignored. B. we cannot tell if it is a good decision without knowing the ages of the children who might be saved by the regulation. C. it fails because it should take effect immediately, not after four years. D. it is a good decision because the benefits exceed the costs.
Refer to Figure 6.3. On this graph, the total surplus of the market is maximized when the price is at point:
A. A. B. B. C. zero. D. D.