Question 1. Global Governance
a. What does protection of species such as dolphins and turtles have to do with international trade?
b. How has the WTO tried to protect threatened species? Have those efforts been successful?
Question 2. Central Planning and Market Economies
a. How does central planning of an economy differ from market economies?
b. What has been the result of the transition from a centrally planned economy to a market economy in countries that were part of the Soviet Union?
Question 3. Which of the following would do the most practically to address issues of global warning? Why?
a. Eliminate subsidies for energy use.
b. Restore the rainforests.
c. Place restrictive taxes on carbon dioxide emissions.
d. Exhaustion of the world's fossil fuels.
Question 4. What evidence is there that term of trade work against primary producers in the long run?
Reference:
Pugel, T.A. (2009). International economics (14th ed.). New York, NY: McGraw-Hill.