1. The international labor organization (ILO) proposes that some labor standarts are basic rights. Which of the following is NOT deemed to be part of the basic rights ?
a) The right to organize and bargain collectively
b) the payment of living wages
c) prohibition of forced labor
d) All of the above
e) A and C only.
2. Bhagwati points out that even if "Race to the bottom" idea is correct select one:
a) All industries in the developed world cannot experience capital flight (due to the theory of comparative advantage)
b) Sullivan principle cannot hold.
c) Stolper- Samuelson theorem cannot hold.
d) Kuznets curve cannot hold.
3. According to Paul Krugman, Ricardo Ho theories, and the consequent free trade policies, have been challenged by:
a) Imperfect competition models of international trade.
b) Theories of strategic trade policy
c) Increasing return as an important feature of production process
d) All of the above
4. Other than constructing trade barriers, what are the possible alternatives that can address the important issues of labor and environmental standards?
a) Laws may require that the standards in home country A be followed by country A firms, operating abroad in Country B
b) Increased International negotiations.
c) Greater support for the ILO
d) Increasing support for international environmental agreements.
e) All of the above