017StudyGuideQuestions

017StudyGuideQuestions - Study Guide Questions on Review...

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Study Guide Questions on Review Material for Commentary on Chapter 17 SG1. The political importance in the U.S. of the issue, of immigration (and emigration), is said by the Commentary to raise questions about how we think of the international economy, since it suggests that: a. Immigration has nothing to do with economics and resource allocation; b. In a world literally conforming to the ideal-market model, immigration would not be an issue; c. Abolishing restrictions on immigration looks like a form of market liberalization; d. Both (b) and (c). Answer: d. SG2. The political importance in the U.S. of the issue, of immigration (and emigration), is said by the Commentary to raise questions about how we think of the international economy, since it suggests that: a. International boundaries are viewed as important; b. Some people care about much more than what they buy and sell in the marketplace; c. Both (a) and (b); d. None of the above. Answer: c. SG3. The political importance in the U.S. of the issue, of immigration (and emigration), is said by the Commentary not to raise questions about how we think of the international economy, since: a. Labor markets are unimportant in international economics; b. We know rational people see the world solely in terms of the ideal-market model; c. Both (a) and (b); d. None of the above. Answer: d. SG4. According to the Commentary, the concept of identity for individuals: a. Has no economic significance; b. May be needed for a fuller understanding of the international economy; c. Is highlighted by the textbook’s approach to the nature and roles of government; d. Just (b) and (c). Answer: b. SG5. According to the Commentary, the concept of identity for individuals: a. May be relevant for understanding international resource allocation; b. Is irrelevant to resource allocation since it is purely a political issue; c. Is irrelevant to resource allocation since it is purely a sociological issue; d. Just (b) and (c). Answer: a.
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SG6. In the approach to international economics suggested in the Commentary, there exist two levels of coordination-conflict situations such that: a. Situations between national governments are often interdependent with situations within a country; b. Governments can have incentives to deviate from international agreements made between governments as part of that coordination-conflict situation; c. Governments may be tempted to deviate from international agreements to satisfy domestic interest groups and/or enhance the government’s chances of being re-
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017StudyGuideQuestions - Study Guide Questions on Review...

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