Final Flashcards
1
Q
Stolper-Samuelson
A
- H-O model
- free trade
- demand/benefit abundant factor owner; harms scarce resource owner
- cleavages; capital-rich countries: capitalists win; labor loses; capital-scare countries; capitalists prefer protection; laborers prefer free trade
- factor endownments
2
Q
collective action problem
A
3
Q
international spillovers
A
4
Q
welfare consequences
A
5
Q
Bretton Woods system
A
6
Q
WTO/GATT
A
7
Q
prisoner’s dilemma
A
8
Q
Reciprocal Trade Agreements Act 1934
A
9
Q
The Gold Standard
A
10
Q
ISI
A
11
Q
H-O model
A
