Sample questions 2007

Sample questions 2007 - Last revised December 5 2007 Sample...

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Last revised December 5, 2007 Sample questions 2007 Short questions: What are the ITO, GATT, and the WTO, and what was their relation? What does an “Economic Munich” means? What is the “Washington Consensus”? What were some events that lead to the erosion of this consensus? What is the ‘Gini coefficient”? What are the red, green and amber boxes in the URAA? What are the PSE and AMS, and how are they used? What is the significance of basing farm payments on “historical acreage” and what is the effect of revising (updating) the historical basis? What is a “preferential” trade agreement? Are they legal under WTO? What are the principal greenhouse gasses? How does carbon dioxide differ from the other GHGs? What is the thermohaline circuit, and what is its importance to climate? What is “carbon fertilization” and what is its significance to the costs of climate change? Give an example of a “hybrid policy” for controlling pollution. What are some advantages and disadvantages of such a policy? Is the current “wave of globalization” unique in history? What were the Stockholm Conference and the Bruntland Report? What is the “Principle of Subsidiarity” and in what kinds of treaties is it important? Describe the goals of the WTO as set out in the preamble to the Marrackech Agreement (what’s that?). Contrast to the goals under GATT. Explain the practical importance (if any) between these two sets of goals.
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Explain the meaning of “common but differentiated responsibility” and discuss its role in both environmental and in trade agreements. Describe the dispute settlement process in the WTO and contrast it to the process under GATT. Describe WTO articles that contain the WTO core principle of non-discrimination. In the absence of distortions, a tariff harms a small country; a tariff may benefit a large country. Use a graph to illustrate these claims. Use the Ricardian model to explain the meaning of comparative and absolute advantage.
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Sample questions 2007 - Last revised December 5 2007 Sample...

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