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business
international economics theory

Questions and Answers of International Economics Theory

2.4 What are public goods and how do they differ from private ones? Give examples of each.
2.3 Almost all members of the WTO are signatories to at least one Regional Trade Agreement (RTA). Define an RTA. How does an RTA create or destroy trade among countries? Explain with examples of
2.1 What is a formal and an informal institution? Explain with examples of formal and informal international economic institutions.
2.5 Debate the pros and cons of international economic organizations.
2.4 Analyze the roles of international economic organizations.
2.3 Compare the different levels of integration found in regional trade agreements with examples.
2.2 Identify economic circumstances in which the IMF, the World Bank, and the WTO are active.
2.1 Classify with examples the main types of international economic organizations.
1.6 Factor movements are one of the primary indicators of international economic integration. With more interdependent relations among countries, labor should be allowed to move easily across
1.4 Describe the pattern exhibited in the changes in the trade-to-GDP ratio and the composition of trade for leading industrial economies between 1910 and 1950.
1.2 How are the world's major economies more integrated with the world today than they were before World War I? Explain how this is particularly true for China.
1.1 How can globalization and international economic integration be measured?
1.4 List the three types of evidence that trade supports economic growth.
1.2 Compute the trade-to-GDP ratio and explain its significance.
1.1 Discuss historical measures of international economic integration with data on trade, capital flows, and migration.
What could you do?
Is there anything out of bounds?
When do you need them by?
What are the criteria for a good solution?
What is helping you move forward?
What is stopping you from moving forward?
What would other people say about this situation?
What results did this produce?
What have you done so far?
When it is good, what is different?
Who is involved?
What is happening now?
How important is this to you?
How will you measure it?
What would success look like to you?
How can I or others help?
What else could you do?
Who can help you?
Which options are of interest to you?
What options do you have?
(4) What do you do that creates obstacles in their way?
(3) What do you do that makes the lives of your team members easier?
(2) How much recognition do people gain for doing a good job?
(1) What decisions do you currently make, which your team members could as well make?
What do they need to do differently?
What do they not do so well?
What do they do well?
(9) What am I doing to develop the poor performers?
(8) What am I doing to stretch the high achievers?
(7) What are the implications for people if they do not develop their standards of performance?
(6) How much are the team members acting on the feedback that I am giving them?
(5) When was the last time that I gave recognition to an individual for great performance?
(4) How much feedback am I giving them on their performance?
(3) Who is performing well and who is not performing well?
(2) How stretching are these goals?
(1) How clear are my team members on what they are expected to achieve, both personally and as a team?
(3) What do they need to do differently, to improve their ratings on each criteria?
(2) What do they not do so well?
(1) What do they do well?
(9) What steps do you now need to take to improve your current leadership development strategy?
(8) How well matched is your current leadership development strategy to the future business growth?
(7) How are you measuring progress and benefits?
(6) How does it support the delivery of the business plan?
(5) How does it help you make decisions about resources and budget?
(4) What level of commitment do people have towards the strategy?
(3) How does it influence development activity in the organization?
(2) Who knows about it in the company?
(1) What is your current leadership development strategy?
(13) What would you like to see in the development strategy for the company that is currently missing?
(12) What gaps are there in the current approach to development?
(11) How well does your current approach to development meet these needs?
(10) What will differentiate your organization from competitors over the next three–five years?
(9) How robust is your performance review process and recruitment process?
(8) How clear are managers/leaders and what is expected from them in terms of skills, knowledge and attitude?
(7) How do you import new ideas and approaches into the organization?
(6) What are the current skills gaps at management and leadership level?
(5) What is the succession plan for the top 20–200 individuals in the organization?
(4) What is the difference between the two and why?
(3) What does a good leader look like now and in the future?
(2) What does the Chief Executive/Board think are the top five leadership principles required for success?
(1) What are the top five leadership principles required for success in your business?
How well do your current leadership development programmes cover the skills of entrepreneurship?
What does your leadership team need to develop in terms of entrepreneurial approach to business?
How would you rate yourself against these criteria?
How would you rate your leaders against these criteria?
c. What other two types of money have been used throughout history? Define each.
the United States today?
b. What is the term used to describe the type of money used in
2.a. The U.S. dollar derives its value from what? That is, what“backs” U.S. currency?
d. In which monetary aggregate(s) calculated by the Federal Reserve are checkable deposits included?Answer (6 points)1 point: It can be easily converted into cash.1 point: A Federal Reserve note 1
c. Which of the assets listed above is the least liquid? Explain.
1.a. What does it mean for an asset to be “liquid”?b. Which of the assets listed below is the most liquid? Explain.A Federal Reserve note (dollar bill)A savings account deposit A house
5. Which of the following is the best example of using money as a store of value?a. A customer pays in advance for $10 worth of gasoline at a gas station.b. A babysitter puts her earnings in a
4. Which of the following is the most liquid monetary aggregate?a. M1b. M2c. M3d. near-moneyse. dollar bills
3. In the United States, the dollar isa. backed by silver.b. backed by gold and silver.c. commodity-backed money.d. commodity money.e. fiat money.
2. When you decide you want “$10 worth” of a product, money is serving which role(s)?I. medium of exchange II. store of value III. unit of accounta. I onlyb. II onlyc. III onlyd. I and II onlye.
1. When you use money to purchase your lunch, money is serving which role(s)?I. medium of exchange II. store of value III. unit of accounta. I onlyb. II onlyc. III onlyd. I and III onlye. I, II, and
3. Explain why a system of commodity -backed money uses resources more efficiently than a system of commodity money.
2. Although most bank accounts pay some interest, depositors can get a higher interest rate by buying a certificate of deposit, or CD. The difference between a CD and a checking account is that the
1. Suppose you hold a gift certificate, good for certain products at participating stores. Is this gift certificate money? Why or why not?
2. List and describe the four most important types of financial intermediaries.
1. Identify and describe the three tasks of a well-functioning financial system.Answer (6 points)1 point: Decrease transaction costs 1 point: A well -functioning financial system facilitates
5. A financial intermediary that provides liquid financial assets in the form of deposits to lenders and uses their funds to finance the illiquid investment spending needs of borrowers is called aa.
4. A nonprofit institution collects the savings of its members and invests those funds in a wide variety of assets in order to provide its members with income after retirement. This describes aa.
3. The federal government is said to be “dissaving” whena. there is a budget deficit.b. there is a budget surplus.c. there is no budget surplus or deficit.d. savings does not equal investment

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