10/26 Flashcards
1
Q
Leontief paradox
A
Export skilled labor softwaree; imporatn capital intesive heavy machneery
2
Q
Non tariff barriers to trade
A
subsides/cheap exports
3
Q
TRIPS
A
trade related aspects of intellectual property rights
4
Q
TRIMS
A
Trade related investment measures
5
Q
Brettons woods system
A
-us dollar as the worlds currency
-all the others pegged to th dollat
-dollar was convertiable to gold at $35/ounce
6
Q
what do u want in primary currency
A
Stable
convertible
commonly traded
7
Q
Hard currency
A
-tradeble/convertible
-tend to maintain valu9e
8
Q
soft currency
A
-Not freely tradable because pf domestic laws or unwillingness of foreigners to hold them
-Often lose value
9
Q
Exchange rate regimes
A
-free float
Leave it to supply demabd
-dirty float
allow float within a certain badnwidth
-Fixed
-Pegged
