Anti-globalization and protectionism are both arguments against free trade. How do these two arguments differ?
What will be an ideal response?
The anti-globalization argument against trade is relatively new. This argument includes the notion that free trade destroys the culture of many countries and that factories locating to low-income countries do not meet environmental or safety regulations that are imposed in high-income countries. The protectionism argument has been around for centuries. Protectionism is usually justified on the basis of one of the following four arguments: saving jobs, protecting high wages, protecting infant industries, and protecting national security.
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Refer to the scenario above. Which of the following will happen in equilibrium?
A) Firm A will use Strategy X, and Firm B will use Strategy Y. B) Firm A will use Strategy Y, and Firm B will use Strategy X. C) Both the firms will use Strategy X. D) Both the firms will use Strategy Y.
If the Fed wanted to use all of its policy variables to decrease the supply of money, which of following would that include? a. Increasing its open market sales of government securities. b. Increasing the required reserve ratio
c. Decreasing the interest rate it pays banks on bank reserves. d. It would include all of the above.
Microsoft is accused of which anticompetitive practice?
A. Interlocking directorates B. Illegal “bundling” of products C. Exclusive contracts D. Predatory pricing
A margin call is when:
A. prices on future values of a stock are forecasted to be lower than current prices. B. prices on future values of a stock are forecasted to be higher than current prices. C. it looks like you are in danger of running through your money, and your broker forces you to sell your stock and use the money to pay back your loan. D. the market reaches a tipping point, and the financial bubble bursts.