Question
1. What are the big differences between the General Agreement on Tariff and Trade (GATT) and the World Trade Organization (WTO)? What do those changes
1. What are the big differences between the General Agreement on Tariff and Trade (GATT) and the World Trade Organization (WTO)? What do those changes reveal about the difference between the international relationship in the Regulated SSA and the Neoliberal SSA?
2. What is capacity utilization? If capacity utilization were low, what would that indicate in a social structure of accumulation analysis?
3. "Hoisted on your own petard" means that you have been defeated by a device of your own making. Explain this in regard to the US relationship with Europe and Japan after World War 2. Be specific about the policies in place that contributed to this.
4. Use the concepts of the capitalist-worker relationship and aggregated demand to explain whether unions would generally favour government deficits or surpluses.
5. Why are automatic stabilizers "automatic" and what do they "stabilize?" In answering the "stabilize" question explain what happens to automatic stabilizers when there is a recession.
6. Explain what dues check-off is. Explain the role that this played in:
a) solving a public good problem (be sure to define a public good and explain the problem that dues check-off solves)
and
b) the capital-labour accord of regulated capitalism.
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