GLOBE

Trade Jeopardy 110-1


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DIRECTIONS: As in the popular TV game show, you are given an answer to a question and you must respond with the question. For example, if the answer is, "a tax on imports", then the correct question is, "What is a tariff?"
  1. term used to describe a tariff that will raise national welfare to the greatest extent for a large importing country.
  2. term used to describe a country's counter trade actions in response to it's trading partner's increase in tariffs.
  3. term used to decribe the choices economic game players are able to make.
  4. name given to a non-cooperative solution to an economic game.
  5. term used to describe an economic game equilibium which maximizes the sum of the payoffs to all players.
  6. an arrangement in which a group of countries agree to eliminate tariffs between themselves, but maintain their own external tariff on imports from the rest of the world.
  7. term used to describe a change in the pattern of trade, in response to trade liberalization, in which a country begins to import from a less efficient supplier.
  8. term used to describe a change in the pattern of trade, in response to trade liberalization, in which a country begins to import from a more efficient supplier.
  9. a tariff used to offset the injurious effects of a foreign government export subsidy.
  10. name of the US government agency that determines the size of a foreign government export subsidy.

 
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Last Updated on 7/2/00