What is the most important concept in international trade theory?

Question 1 of 20
Linux, Firefox, and OpenOffice are examples of:

A. pay-to-play software.

B. government software.

C. shareware.

D. open-source software.

Question 2 of 20
What is the most important concept in international trade theory?

A. free trade

B. absolute advantage

C. comparative advantage

D. means of production

Question 3 of 20
China and Singapore are examples of what type of economies?

A. ones that favor free markets and globalization

B. ones that favor individual property rights

C. ones that favor government intervention

D. ones that favor competition

Question 4 of 20
What is the definition of the economic system based primarily on government authorities making decisions?

A. command economy

B. market economy

C. mixed economy

D. capitalist economy

Question 5 of 20
Many economists now advocate retaining the market system and private property while modifying their workings through government regulation. This is known as a(n) __________ economy.

A. pure capitalist

B. evolutionary

C. mixed

D. free market

Question 6 of 20
The simultaneous occurrence of inflation and unemployment is called:

A. recession.

B. depression.

C. stagnation.

D. stagflation.

Question 7 of 20
According to Locke, the power of government should be:

A. Expanded to meet the needs of all citizens.

B. Expanded to meet the needs of corporations.

C. Limited, extending only far enough to protect basic rights of all citizens.

D. Limited, extending only far enough to protect the basic rights of corporations.

Question 8 of 20
What did Marx’s “alienation” theory say about the nature of a human being?

A. It is our nature to be self-determined and be able to satisfy our true needs.

B. It is our nature to be greedy and always want more.

C. It is our nature to want to do gooD.

D. It is our nature to avoid conflict, and therefore workers do not rise against their oppressors.

Question 9 of 20
Compassion, concern, love, friendship, and kindness are all sentiments or virtues that normally manifest this dimension of morality.

A. ethics of care

B. virtue ethics

C. the categorical imperative

D. duty ethics

Question 10 of 20
Countries such as Sweden, Norway, France, Ireland, and Switzerland use which type of economy?

A. free market economy with no government regulation

B. completely government-regulated economy

C. free market economy with some government regulation

D. mixed economy with lots of government regulation