SSC 320 Week 2 Quiz | Assignment Help | Ashford University
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- 06 Oct 2020
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SSC 320 Week 2 Quiz | Assignment Help | Ashford University
Week 2 - Quiz
Question 1
The WTO argues that
protectionist policies result in ALL BUT ONE of the following outcomes:
o
Decreased standard of living
o
Increased prices on goods and services
o
Increased employment opportunity
o
Decreased economic growth
Question 2
According to the text,
the WTO generally privileges free trade over ___________________ concerns.
o
protectionist
o
sovereignty
o
environmental
o
social
Question 3
International law stems
from four sources: courts, treaties, authoritative bodies, and
____________________.
o
custom
o
protectionism
o
capitalism
o
religion
Question 4
What does the TRIPS system,
developed by the WTO in 1994, protect?
o
AIDS drugs
o
WTO conference sites
o
International protestors
o
Intellectual property
Question 5
Which of the following
national concerns is of primary importance to the WTO, according to its
critics?
o
Cultural preservation
o
Social welfare
o
Environmental safety standards
o
Gross national product
.
Question 6
Economist Herman Daly
argues that as long as capital flows between nations the result is
______________________ rather than free trade.
o
capitalism
o
mercantilism
o
embedded liberalism
o
economic integration
Question 7
The three major types
of treaties are:
o
economic, human rights, and
environmental.
o
human rights, environmental, and
security.
o
security, agricultural, and human
rights.
o
economic, security, and agricultural.
Question 8
Which theory applies to
the belief that trade fosters technological knowledge sharing and thus advances
productivity?
o
Classical Trade Theory
o
Law of Comparative Advantage
o
Gains from Trade
o
Dynamic Gains from Trade
Question 9
ALL BUT ONE of the
following are impacts of free trade policies:
o
Native species preservation
o
Water pollution
o
Over fishing
o
Increased energy use
Question 10
What was the
fundamental assumption that underscored the Law of Comparative Advantage?
o
That the environment would not be
affected.
o
That a nation’s labor and capital were
immobile.
o
That global trade would eliminate
immigration.
o
That social issues could be alleviated
politically.
USA 
India