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Author Question: How might the Prisoner's Dilemma from Chapter 9 apply to free trade and protectionism? a. All ... (Read 77 times)

Yolanda

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on: Sep 3, 2018
How might the Prisoner's Dilemma from Chapter 9 apply to free trade and protectionism?
 
  a. All states have an incentive to cooperate in free trade policies, and those who do not cooperate are excludedfrom the global system.
 b. Even though it is in everyone's best interest for all states to have free trade, individual states have an incentiveto enact protectionist policies.
 c. Free trade is the most desirable outcome in the global economy; therefore, all states will comply with theglobal norms of cooperation.
 d. Trade is bad for people who are incarcerated.

Question 2

Which best defines a quota?
 
  a. Taxes assessed on goods coming into a country
  b. The selling of a product as a price below the cost in the home market
  c. A restriction on the quantity of goods that can be imported to or exported from a country
  d. All of these are true.


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xiaomengxian

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Reply #1 on: Sep 3, 2018
Answer to Question 1

b

Answer to Question 2

c


Yolanda

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Reply 2 on: Sep 3, 2018
Thanks for the timely response, appreciate it

bitingbit

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Reply 3 on: Yesterday
Wow, this really help

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