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International Political Economy: Midterm Study Guide Fall 2014 Short Answers (Define each of the following concepts and explain how they are interrelated. Give an example that illustrates the theoretical, historical, or policy significance of each concept.)1)Absolute vs. relative gains 2)Nationalism vs. liberalism 3)Structural realism vs. historical realism 4)Mercantilism vs. most-favored nation principle 5)Neo-realist vs. neo-liberal institutionalism 6)Constructivism vs. cognitivism 7)Marxism vs. institutionalism 8)Structuralism vs. radicalism 9)British School vs. international organization 10)Collective action problem and trade protection11)Log-rolling and the Smoot-Hawley Act of 1930 12)Fixed vs. floating exchange rates 13)Monetary and fiscal policies 14)Solow neoclassical vs. endogenous growth models 15)Mundell-Fleming trilemma and the gold standard 16)Foreign exchange rate intervention vs. foreign exchange rate sterilization 17)Free-rider problem vs. inhibiting fear 18)Public vs. private goods19)Common pool resource vs. inclusive club goods20)Positive vs. negative selective incentives21)Comparative advantage vs. kaleidoscopic comparative advantage22)Heckscher-Olin model and factors proportion analysis23)Stolper-Samuelson vs. specific factors model