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101 Discussions

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'Pure propaganda': Hungary passes law to ban LGBTQ+ events raising alarms over erosion of rights

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Hungary Cracks Down on LGBTQ+ Rights Ahead of Elections

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James Carville accuses Trump of one of the most 'ignorant' acts in American history

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James Carville Slams Trump’s Tariff Policy as ‘Ignorant’ and Politically Damaging

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Tit-for-tat tariff

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Mirror tariff

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Anti-dumping duty

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Countervailing duty

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Protective tariff

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Reciprocal tariff

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Rebalancing tariff

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Equalization duty

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Trade adjustment levy

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Escalation tariff

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What is the term for a retaliatory tariff that matches the level of a foreign tariff?

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Absolute advantage theory

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Comparative advantage theory

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Free market theory

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Trade liberalization theory

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Mercantilism

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Factor endowment theory

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Dependency theory

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Purchasing power parity

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Strategic trade theory

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Infant industry theory

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Which trade theory suggests that government intervention can help domestic firms gain a competitive advantage in certain industries?

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Tariffs that increase with inflation

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Increasing tariffs over time

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Tariffs on services

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Tariffs based on carbon emissions

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Tariffs that vary by region

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Tariffs that decrease with volume

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Tariffs used during wartime

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Higher tariffs on processed goods than on raw materials

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Tariffs on digital goods

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Tariffs that apply only to luxury goods

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What is 'tariff escalation'?

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Ricardian model

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Heckscher-Ohlin model

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Phillips curve

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Laffer curve

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IS-LM model

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Edgeworth box

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Solow growth model

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Stolper-Samuelson theorem

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Mundell-Fleming model

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Gravity model

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Which model explains the distributional effects of trade policy on different factors of production?

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Trade facilitation

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Comparative advantage

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Export promotion

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Globalization strategy

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Import substitution industrialization

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Trade liberalization

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Protectionist expansion

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Free trade policy

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Tariff harmonization

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Currency stabilization

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What is the term for a trade policy that aims to replace foreign imports with domestic production?

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Immediate economic growth

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Reduced inflation worldwide

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Faster technological diffusion

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Disruption of global supply chains

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Higher global GDP

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Lower production costs

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Improved diplomatic relations

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Stable currency exchange rates

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Increased global cooperation

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Increased foreign aid

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Which of the following is a potential long-term effect of a prolonged trade war?

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Strategic trade theory

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Mature industry policy

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Industrial policy

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Export-led growth

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Protectionist equilibrium

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Import substitution

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Infant industry argument

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Comparative advantage

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Tariff escalation

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Trade liberalization

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What is the term for a situation where a country imposes tariffs to protect a new or emerging industry?

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Amartya Sen

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Adam Smith

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Thomas Malthus

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John Maynard Keynes

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Joseph Stiglitz

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Friedrich Hayek

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Milton Friedman

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Karl Marx

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Paul Krugman

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David Ricardo

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Which economist is most associated with the theory of comparative advantage?

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To impose tariffs

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To promote military alliances

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To regulate immigration

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To set interest rates

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To ban trade

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To control inflation

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To manage stock markets

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To create new currencies