Berkeley College International Economics Quiz 1 Student name: Class & Session (Type all your answers in the parenthesis) Multiple Choice Questions (75 points) 1. The person credited with the first systematic expression of the principle of comparative advantage was ( ) A. Alan Greenspan. B. John Maynard Keynes. C. David Ricardo. D. Adam Smith. 2. A regulation that sets the highest price at which it is legal to trade a good is a ( ) A. Production quota B. Price floor C. Price ceiling D. Tax ceiling 3. In Country J, it takes one hour to knit a pair of socks, and five hours to brew a gallon of cider. In Country K, it takes three hours to knit a pair of socks, and six hours to brew a gallon of cider. If trade were to open between the two countries, Ricardo would predict that ( ) A. Country J will export cider and Country K will export socks. B. Country J will export socks and Country K will export cider. C. Country J will export both socks and cider. D. Country K will export both socks and cider. 4. If Nation A can produce either 3x or 3y with one hour of labor, while nation B can produce either 1x or 1y with one hour of labor, and if labor is the only input, then ( ) A. Nation A has an absolute advantage in both goods. B. Nation B has an absolute advantage in both goods. C. Nation A has a comparative disadvantage in both goods. D. Nation A has a comparative advantage in both goods. 5. Mutually beneficial trade A. Allows both countries to consume a larger bundle of goods than before trade occurred.( ) B. Allows only the more productive country to consume a larger bundle of goods than before trade occurred. C. Allows only the less productive country to consume a larger bundle of goods than before trade occurred. D. Causes changes only in production, not consumption. 6. In the absence of trade, the consumption points available to a nation ( ) A. Are above the production possibility curve. B. Are on or inside the production possibility curve. C. Lie on the production possibility curve. D. Cannot be identified. 7. For Heckscher-Ohlin, the most important cause of the differences in relative commodity prices is the difference between countries in ( ) A. Factor endowments. B. National income. C. Technology. D. Tastes. 8. Country J has 1 million machines and 1 million workers, while country K has 2 million machines and 3 million workers. If computers are produced mostly by capital and beer is produced mostly by labor, the H-O model predicts that ( ) A. Country K will export computers in exchange for beer. B. Country J will export computers in exchange for beer. C. Country J is too small to be of economic interest to Country K. D. Computers and beer don’t mix, so trade cannot increase either country’s well-being. 9. Mexico is an unskilled labor abundant country, while the United States is a skilled labor abundant country. With the opening of trade, you would expect that, in the long run, wages for unskilled workers ( ) A. Decline in both countries. B. Decline in the United States and rise in Mexico. C. Rise in the United States and decline in Mexico. D. Rise in both countries 10. According to trade theory, if a nation has a comparative advantage in a capital-intensively produced good, and the rate of growth of capital is greater than the rate of growth of other inputs (e.g., labor), the pattern of growth which results will be ( ) A. Import replacing. B. Neutral as between capital intensive and other products. C. Export expanding. D. None of the above. 11. Arguments in favor of having developing countries focus on exporting manufactured goods include ( ) A. Strong support in industrialized countries for free trade in manufactured goods. B. Very low tariffs on manufactured textiles, apparel, and footwear in industrialized countries. C. Political preference for VERs among importing countries. D. A downward trend in the prices of primary products. 12. Which group definitely loses from international migration of labor? ( ) A. The migrants. B. The migrants’ new employers in the receiving country. C. The migrants’ old employers in the sending country. D. The migrants’ fellow workers who did not emigrate. 13. As technology advances, ( ) A. All opportunity cost decreases B. The PPF shift outward C. A country moves toward the midpoint along its PPF D. The PPF shift inward because unemployment occurs 14. If a country is operating at a point of production efficiency ( ) A. It enjoys growth when increasing production B. It produces on its production possibility frontier curve C. It must specialize in the production of a good D. It operates on its trade line 15. A cartel is ( ) A. Another name for a firm in an oligopoly B. A collusive agreement among a number of firms C. A government body that regulates an industry D. An antitrust law (Type and show your work) Practicum Question (25 points) Two countries, Haiti and the Dominican Republic, produce fruits and timber. Each island has a labor force of 1200 and the monthly productivity of each worker is as follow Basket of fruit Board feet of timber Haiti 10 5 Dominican Republic 30 10 a. Which county has an absolute advantage in the production of fruit? Timber? b. Which country has a comparative advantage in the production of fruit? Timber? c. Sketch the production possibility frontier (PPF) of both countries d. Both countries want to produce an equal amount of baskets of fruit and feet of timber. How should they allocate their workers to the two sectors? e. How can free trade move both countries beyond their respective PPF Extra credits (10 points) The demand and supply curves of the market for DVD at the local (US) market are as follow: P = 30 – Qd/2 and P= -1.5 + Qs/4 a. Find the equilibrium price and the equilibrium quantity when there is no international trade ( hint: solve for Qd and Qs And then make Qd=Qs to solve for Price and quantities) b. What are the equilibrium quantities when the nations trade freely at price of $15? Explain your rationale. c. How many units are exported? d. What is the resulting national gain? e. Do consumers and producers gain or lose from the free trade?

Berkeley College International Economics Quiz 1 Student name: Class & Session (Type all your answers in the parenthesis) Multiple Choice Questions (75 points) 1. The person credited with the first systematic expression of the principle of comparative advantage was ( ) A. Alan Greenspan. B. John Maynard Keynes. C. David Ricardo. D. Adam Smith. 2. A regulation that sets the highest price at which it is legal to trade a good is a ( ) A. Production quota B. Price floor C. Price ceiling D. Tax ceiling 3. In Country J, it takes one hour to knit a pair of socks, and five hours to brew a gallon of cider. In Country K, it takes three hours to knit a pair of socks, and six hours to brew a gallon of cider. If trade were to open between the two countries, Ricardo would predict that ( ) A. Country J will export cider and Country K will export socks. B. Country J will export socks and Country K will export cider. C. Country J will export both socks and cider. D. Country K will export both socks and cider. 4. If Nation A can produce either 3x or 3y with one hour of labor, while nation B can produce either 1x or 1y with one hour of labor, and if labor is the only input, then ( ) A. Nation A has an absolute advantage in both goods. B. Nation B has an absolute advantage in both goods. C. Nation A has a comparative disadvantage in both goods. D. Nation A has a comparative advantage in both goods. 5. Mutually beneficial trade A. Allows both countries to consume a larger bundle of goods than before trade occurred.( ) B. Allows only the more productive country to consume a larger bundle of goods than before trade occurred. C. Allows only the less productive country to consume a larger bundle of goods than before trade occurred. D. Causes changes only in production, not consumption. 6. In the absence of trade, the consumption points available to a nation ( ) A. Are above the production possibility curve. B. Are on or inside the production possibility curve. C. Lie on the production possibility curve. D. Cannot be identified. 7. For Heckscher-Ohlin, the most important cause of the differences in relative commodity prices is the difference between countries in ( ) A. Factor endowments. B. National income. C. Technology. D. Tastes. 8. Country J has 1 million machines and 1 million workers, while country K has 2 million machines and 3 million workers. If computers are produced mostly by capital and beer is produced mostly by labor, the H-O model predicts that ( ) A. Country K will export computers in exchange for beer. B. Country J will export computers in exchange for beer. C. Country J is too small to be of economic interest to Country K. D. Computers and beer don’t mix, so trade cannot increase either country’s well-being. 9. Mexico is an unskilled labor abundant country, while the United States is a skilled labor abundant country. With the opening of trade, you would expect that, in the long run, wages for unskilled workers ( ) A. Decline in both countries. B. Decline in the United States and rise in Mexico. C. Rise in the United States and decline in Mexico. D. Rise in both countries 10. According to trade theory, if a nation has a comparative advantage in a capital-intensively produced good, and the rate of growth of capital is greater than the rate of growth of other inputs (e.g., labor), the pattern of growth which results will be ( ) A. Import replacing. B. Neutral as between capital intensive and other products. C. Export expanding. D. None of the above. 11. Arguments in favor of having developing countries focus on exporting manufactured goods include ( ) A. Strong support in industrialized countries for free trade in manufactured goods. B. Very low tariffs on manufactured textiles, apparel, and footwear in industrialized countries. C. Political preference for VERs among importing countries. D. A downward trend in the prices of primary products. 12. Which group definitely loses from international migration of labor? ( ) A. The migrants. B. The migrants’ new employers in the receiving country. C. The migrants’ old employers in the sending country. D. The migrants’ fellow workers who did not emigrate. 13. As technology advances, ( ) A. All opportunity cost decreases B. The PPF shift outward C. A country moves toward the midpoint along its PPF D. The PPF shift inward because unemployment occurs 14. If a country is operating at a point of production efficiency ( ) A. It enjoys growth when increasing production B. It produces on its production possibility frontier curve C. It must specialize in the production of a good D. It operates on its trade line 15. A cartel is ( ) A. Another name for a firm in an oligopoly B. A collusive agreement among a number of firms C. A government body that regulates an industry D. An antitrust law (Type and show your work) Practicum Question (25 points) Two countries, Haiti and the Dominican Republic, produce fruits and timber. Each island has a labor force of 1200 and the monthly productivity of each worker is as follow Basket of fruit Board feet of timber Haiti 10 5 Dominican Republic 30 10 a. Which county has an absolute advantage in the production of fruit? Timber? b. Which country has a comparative advantage in the production of fruit? Timber? c. Sketch the production possibility frontier (PPF) of both countries d. Both countries want to produce an equal amount of baskets of fruit and feet of timber. How should they allocate their workers to the two sectors? e. How can free trade move both countries beyond their respective PPF Extra credits (10 points) The demand and supply curves of the market for DVD at the local (US) market are as follow: P = 30 – Qd/2 and P= -1.5 + Qs/4 a. Find the equilibrium price and the equilibrium quantity when there is no international trade ( hint: solve for Qd and Qs And then make Qd=Qs to solve for Price and quantities) b. What are the equilibrium quantities when the nations trade freely at price of $15? Explain your rationale. c. How many units are exported? d. What is the resulting national gain? e. Do consumers and producers gain or lose from the free trade?

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Sex, Gender, and Popular Culture Spring 2015 Look through popular magazines, and see if you can find advertisements that objectify women in order to sell a product. Alternately, you may use an advertisement on television (but make sure to provide a link to the ad so I can see it!). Study these images then write a paper about objectification that deals with all or some of the following: • What effect(s), if any, do you think the objectification of women’s bodies has on our culture? • Jean Kilbourne states “turning a human being into a thing is almost always the first step toward justifying violence against that person.” What do you think she means by this? Do you agree with her reasoning? Why or why not? • Some people would argue that depicting a woman’s body as an object is a form of art. What is your opinion of this point of view? Explain your reasoning. • Why do you think that women are objectified more often than men are? • How does sexualization and objectification play out differently across racial lines? • Kilbourne explains that the consequences of being objectified are different – and more serious – for women than for men. Do you agree? How is the world different for women than it is for men? How do objectified images of women interact with those in our culture differently from the way images of men do? Why is it important to look at images in the context of the culture? • What is the difference between sexual objectification and sexual subjectification? (Ros Gill ) • How do ads construct violent white masculinity and how does that vision of masculinity hurt both men and women? Throughout your written analysis, be sure to make clear and specific reference to the images you selected, and please submit these images with your paper. Make sure you engage with and reference to at least 4 of the following authors: Kilbourne, Bordo, Hunter & Soto, Rose, Durham, Gill, Katz, Schuchardt, Ono and Buescher. Guidelines:  Keep your content focused on structural, systemic, institutional factors rather than the individual: BE ANALYTICAL NOT ANECDOTAL.  Avoid using the first person or including personal stories/reactions. You must make sure to actively engage with your readings: these essays need to be informed and framed by the theoretical material you have been reading this semester.  Keep within the 4-6 page limit; use 12-point font, double spacing and 1-inch margins.  Use formal writing conventions (introduction/thesis statement, body, conclusion) and correct grammar. Resources may be cited within the text of your paper, i.e. (Walters, 2013).

Sex, Gender, and Popular Culture Spring 2015 Look through popular magazines, and see if you can find advertisements that objectify women in order to sell a product. Alternately, you may use an advertisement on television (but make sure to provide a link to the ad so I can see it!). Study these images then write a paper about objectification that deals with all or some of the following: • What effect(s), if any, do you think the objectification of women’s bodies has on our culture? • Jean Kilbourne states “turning a human being into a thing is almost always the first step toward justifying violence against that person.” What do you think she means by this? Do you agree with her reasoning? Why or why not? • Some people would argue that depicting a woman’s body as an object is a form of art. What is your opinion of this point of view? Explain your reasoning. • Why do you think that women are objectified more often than men are? • How does sexualization and objectification play out differently across racial lines? • Kilbourne explains that the consequences of being objectified are different – and more serious – for women than for men. Do you agree? How is the world different for women than it is for men? How do objectified images of women interact with those in our culture differently from the way images of men do? Why is it important to look at images in the context of the culture? • What is the difference between sexual objectification and sexual subjectification? (Ros Gill ) • How do ads construct violent white masculinity and how does that vision of masculinity hurt both men and women? Throughout your written analysis, be sure to make clear and specific reference to the images you selected, and please submit these images with your paper. Make sure you engage with and reference to at least 4 of the following authors: Kilbourne, Bordo, Hunter & Soto, Rose, Durham, Gill, Katz, Schuchardt, Ono and Buescher. Guidelines:  Keep your content focused on structural, systemic, institutional factors rather than the individual: BE ANALYTICAL NOT ANECDOTAL.  Avoid using the first person or including personal stories/reactions. You must make sure to actively engage with your readings: these essays need to be informed and framed by the theoretical material you have been reading this semester.  Keep within the 4-6 page limit; use 12-point font, double spacing and 1-inch margins.  Use formal writing conventions (introduction/thesis statement, body, conclusion) and correct grammar. Resources may be cited within the text of your paper, i.e. (Walters, 2013).

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Q51. Place the following Assets in groups giving justification for your choice – Website – Digital Certificates – SOP – KYC guidelines – Portable storage devices

Q51. Place the following Assets in groups giving justification for your choice – Website – Digital Certificates – SOP – KYC guidelines – Portable storage devices

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In the country of Wiknam, there is only one firm that produces and sells soccer ball. Initially international trade is prohibited in the country. The following equations describe the monopolist’s demand, marginal revenue, total cost and marginal cost: Demand: P = 10 – Q Marginal Revenue: MR = 10 – 2Q Total Cost: TC = 3 + Q + 0.5Q2 Marginal Cost: MC = 1 + Q Q stands for quantity and P is the price measured in Wiknamian dollars. a) [20 marks] How many soccer balls does the monopolist produce? At what price are they sold? What is the monopolist’s profit? Show all your calculations. b) [10 marks] One day, the King of Wiknam decrees that henceforth, there will be free trade- either imports or exports- of soccer balls at the world price of $6. The firm now becomes a price taker in a competitive market. What happens to domestic production of soccer balls? What happens to domestic consumption? Does Wiknam export or import soccer balls? c) [10 marks] Suppose that the world price was not $6, but instead, happens to be exactly the same as the domestic price without trade as determined in part a) above. Would allowing trade change anything for the Wiknamian economy? Explain

In the country of Wiknam, there is only one firm that produces and sells soccer ball. Initially international trade is prohibited in the country. The following equations describe the monopolist’s demand, marginal revenue, total cost and marginal cost: Demand: P = 10 – Q Marginal Revenue: MR = 10 – 2Q Total Cost: TC = 3 + Q + 0.5Q2 Marginal Cost: MC = 1 + Q Q stands for quantity and P is the price measured in Wiknamian dollars. a) [20 marks] How many soccer balls does the monopolist produce? At what price are they sold? What is the monopolist’s profit? Show all your calculations. b) [10 marks] One day, the King of Wiknam decrees that henceforth, there will be free trade- either imports or exports- of soccer balls at the world price of $6. The firm now becomes a price taker in a competitive market. What happens to domestic production of soccer balls? What happens to domestic consumption? Does Wiknam export or import soccer balls? c) [10 marks] Suppose that the world price was not $6, but instead, happens to be exactly the same as the domestic price without trade as determined in part a) above. Would allowing trade change anything for the Wiknamian economy? Explain

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http://www.econlib.org/library/Smith/smWN1.html#B.I,%20Ch.1,%20Of%20the%20Division%20of%20Labor What does Smith mean by division of labor, and how does it affect production? A. He means that each person does their own work to benefit themselves by creating goods. This creates well-crafted goods. B. He argues that in order to become more efficient, we need to put everyone in the same workhouses and eliminate division. C. He says that the division of labor provides farmers with the opportunity to become involved in manufacturing. D. He means that each person makes one small part of a good very quickly, but this is bad for the quality of production overall. E. He means that by having each individual specialize in one thing, they can work together to create products more efficiently and effectively. Which of the following is NOT an example of the circumstances by which the division of labor improves efficiency? A. A doll-making company stops allowing each employee to make one whole doll each and instead appoints each employee to create one part of the doll. B. A family of rug makers buys a loom to speed up their production. C. A mechanic opens a new shop to be nearer to the market. D. A factory changes the responsibilities of its employees so that one group handles heavy boxes and the other group does precision sewing. E. A baker who used to make a dozen cookies at a time buys a giant mixer and oven that enable him to make 20 dozen cookies at a time. Considering the global system of states, what do you think the allegory of the pins has to offer? A. It suggests that there could be a natural harmony of interests among states because they can divide labor among themselves to the benefit of everyone. B. It suggests that states can never be secure enough to cooperate because every state is equally capable of producing the same things. C. It suggests that a central authority is necessary to help states cooperate, in the same way that a manager oversees operations at a factory. D. The allegory of the pins is a great way to think about how wars come about, because states won’t cooperate with each other like pin-makers do. E. The allegory of the pins shows us that there is no natural harmony of interests between states. Smith sees the development of industry, technology, and the division of labor as A. generally positive but not progressive. The lives of many people may improve, but the world will generally stay the same. B. generally positive and progressive. The world is improving because of these changes, and it will continue to improve. C. generally negative. The creation of new technologies and the division of labor are harmful to all humans, both the wealthy and the poor. D. generally negative. The creation of the division of labor only benefits the wealthy at the expense of the poor. E. both positive and negative. Smith thinks that technology hurts us, while the division of labor helps society progress and develop. http://www.youtube.com/watch?v=RUwS1uAdUcI What point is Hans Rosling trying to make when he describes the global health pre-test? A. He is trying to show how the average person has no idea of the true state of global health. B. He is trying to illustrate how we tend to carry around outdated notions about the state of global health. C. He is trying to make us see that the less-developed countries are far worse off than we ever thought. D. He is trying to drive home the idea that global health has not improved over time despite foreign aid and improvements in medicine. E. He is trying to warn us about the rapid growth in world population. Rosling shows us that we tend to think about global health in terms of “we and them.” Who are the “we” and who are the “them”? A. “We” refers to academics, students, and scholars; “them” refers to the uneducated. B. “We” refers to the average person; “them” refers to politicians and global leaders. C. “We” refers to the wealthy; “them” refers to the poor. D. “We” refers to the Western world; “them” refers to the Third World. E. “We” refers to students; “them” refers to professors. In the life expectancy and fertility rate demonstration, what do the statistics reveal? A. Over time, developed countries produced small families and long lives, whereas developing countries produced large families and short lives. B. The world today looks much like it did in 1962 despite our attempts to help poorer countries develop. C. All countries in the world, even the poorer ones, are trending toward longer lives and smaller families. D. Developed countries are trending toward smaller families but shorter lives. E. All countries tend to make gains and losses in fertility and lifespan, but in the long run there is no significant change. What point does Rosling make about life expectancy in Vietnam as compared to the United States? To what does he attribute the change? A. He indicates that economic change preceded social change. B. He suggests that markets and free trade resulted in the increase in life expectancy. C. He says that the data indicates that the Vietnam War contributed to the decrease in life expectancy during that time, but that it recovered shortly thereafter. D. He says that social change in Asia preceded economic change, and life expectancy in Vietnam increased despite the war. E. He indicates that Vietnam was equal to the United States in life expectancy before the war. According to Rosling, how are regional statistics about child survival rates and GDP potentially misleading? A. Countries have an incentive to lie about the actual survival rates because they want foreign assistance. B. Statistics for the individual countries in a region are often vastly different. C. Regional statistics give us a strong sense of how we can understand development within one region, but it does not allow us to compare across regions. D. The data available over time and from countries within regions is often poorly collected and incomplete. E. Child survival rates cannot be compared regionally, since each culture has a different sense of how important children are. What is Rosling’s main point about statistical databases? A. The data is available but not readily accessible, so we need to create networks to solve that problem. B. The data that comes from these databases is often flawed and unreliable. C. It doesn’t matter whether we have access to these databases because the data can’t be used in an interesting way. D. Statistics can’t tell us very much, but we should do our best to make use of the information we do have. E. The information that could be true is too hard to sort out from what isn’t true because we don’t know how strong the data really is. http://www.marxists.org/archive/lenin/works/1916/imp-hsc/ch10.htm#v22zz99h-298-GUESS Click the link at left to read Chapter 10 of Imperialism, The Highest Stage of Capitalism, then answer the questions below. According to Lenin, what is the fundamental source of a monopoly? A. It is a natural effect of human behavior. B. It is the result of governments and police systems. C. Its source is rooted in democracy. D. It comes from the concentration of production at a high stage. E. It is what follows a socialist system. What are the principal types or manifestations of monopoly capitalism? A. Monopolistic capitalist associations like cartels, syndicates and trusts; and monopolies as a result of colonial policy. B. Monopolization of raw materials and monopolization of finance capital. C. Monopolization of governing structures and monopolies of oligarchies. D. Monopolist capitalist associations like cartels, syndicates and trusts; and monopolies as a result of colonial policy AND monopolization of raw materials and monopolization of finance capital. E. Monopolization of raw materials and monopolization of finance capital AND monopolization of governing structures and monopolies of oligarchies. What is the definition of a rentier state according to Lenin? A. A state that colonizes other states. B. A state whose bourgeoisie live off the export of capital. C. A poor state. D. A wealthy state. E. A colonized state. Overall Lenin’s analysis of the state of capitalism is concerned with: A. The interactions between states. B. The interactions within states. C. The ownership of industry and organizations. D. The interactions within states AND the ownership of industry and organizations. E. All of these options. http://view.vzaar.com/1194665/flashplayer Watch the video at left, and then answer the questions below. The Marshall Plan was developed by the United States after World War II. What was its purpose? A. to feed the hungry of Europe B. to stem the spread of communism C. to maintain an American military presence in Europe D. to feed the hungry of Europe AND to stem the spread of communism E. to stem the spread of communism AND to maintain an American military presence in Europe What kind of aid was sent at first? A. foods, fertilizers, and machines for agriculture B. books, paper, and radios for education C. clothing, medical supplies, and construction equipment D. mostly cash in the form of loans and grants E. people with business expertise to help develop the economy What kind of aid did the United States send to Greece to help its farmers? A. tractors B. mules C. seeds D. fertilizer E. all of these options What was one way that the United States influenced public opinion in Italy during the elections described in the video? A. The United States provided significant food aid to Italy so that the Italians would be inclined to vote against the Communists. B. The Italians had been impressed by the strength and loyalty of the American soldiers, and were inclined to listen to them during the elections. C. There was a large number of young Italians who followed American fashion and culture. D. Italian immigrants in the United States wrote letters to their families in Italy urging them not to vote for Communists. E. The Greeks showed the Italians how much the Americans had helped them, warning that supporting a Communist candidate would mean sacrificing American aid. How did Pope Pius XII undermine the strength of the Communist Party in Italy? A. He encouraged Italians to go out and vote. B. He warned that the Communist Party would legalize abortion. C. He excommunicated many members of the Communist Party. D. He made a speech in support of capitalism. E. He declared that Communists should not be baptized. http://www.youtube.com/watch?v=KVhWqwnZ1eM Use the video at left to answer the questions below. Hans Rosling shares how his students discuss “we” versus “them.” To whom are his students referring? A. the United States and Mexico B. Christians and Muslims C. Democrats and Republicans D. Europe and Asia E. none of these options According to Rosling, what factors contribute to a better quality of life for people in developing countries? A. family planning B. soap and water C. investment D. vaccinations E. all of these options Using his data, Rosling demonstrates a great shift in Mexico. What change does his data demonstrate? A. a decrease in drug usage B. a decrease in the number of jobs available C. an increase in average life expenctancy D. an increase in the rate of violent crime E. all of these options Instead of “developing” and “developed,” Rosling divides countries into four categories. Which of the following is NOT one of them? A. high-income countries B. middle-income countries C. low-income countries D. no-income countries E. collapsing countries Rosling discusses the increased life expectancy in both China and the United States. How are the situations different? A. The U.S. and China are on different continents. B. The life expectancy in China rose much higher than it did in the U.S. C. China first expanded its life expectancy and then grew economically, whereas the U.S. did the reverse. D. Average income and life expectancy steadily increased in the U.S., but they steadily decreased in China. E. all of these options Rosling shows a chart that demonstrates the regional income distribution of the world from 1970 to 2015. During that time, what has happened in South and East Asia? A. Money has flowed out of Asia to developing countries in Africa. B. The average income of citizens of South and East Asia has increased over the last 30 years. C. The average income of citizens of South and East Asia has decreased over the last 30 years. D. The average income of citizens of South and East Asia has surpassed that of Europe and North America. E. There has been no change. Click here to access GapMinder, the data visualizer that Hans Rosling uses. In 2010, which of the following countries had both a higher per-capita GDP and a higher life expectancy than the United States? A. France B. Japan C. Denmark D. Singapore E. Kuwait http://www.garretthardinsociety.org/articles/art_tragedy_of_the_commons.html http://www.youtube.com/watch?v=8a4S23uXIcM The Tragedy of the Commons What is the rough definition of the “commons” given in the article? A. any private property on which others trespass B. behavior that everyone considers to be normal C. a cow that lives in a herd D. government-administered benefits, like unemployment or Social Security E. a shared resource What does Hardin mean by describing pollution as a reverse tragedy of the commons? A. Rather than causing a problem, it resolves a problem. B. Pollution costs us money rather than making us money. C. We are putting something into the commons rather than removing something from it. D. It starts at the other end of the biological pyramid. E. Humans see less of it as time goes on. Hardin says “the air and waters surrounding us cannot readily be fenced, and so the tragedy of the commons as a cesspool must be prevented by different means.” What are those means? A. establishing more international treaties to protect the environment B. using laws or taxes to make the polluter pay for pollution C. punishing consumers for generating waste D. raising awareness about environmental issues E. developing greener products Pacific Garbage Dump According to the news report, what percent of the Gyre is made of plastic? A. 50 percent B. 60 percent C. 70 percent D. 80 percent E. 90 percent Where does the majority of the plastic in the Gyre come from? A. barges that dump trash in the ocean B. storm drains from land C. people throwing litter off boats into the ocean D. remnants from movie sets filmed at sea E. fishing boats processing their catch What does Charles Moore mean by the “throwaway concept”? A. the habitual use of disposable plastic packaging B. the mistaken view that marine ecosystems are infinitely renewable C. a general lack of interest in recycling D. the willingness to discard effective but small-scale environmental policies in deference to broader E. people throwing away their lives in pursuit of money In what way does the Great Pacific Gyre represent issues like global warming a tragedy of the commons? A. because all the plastic trash in it comes from the United States B. because it kills the albatross and makes it impossible for them to reproduce C. surbecause the countries rounding the Pacific Ocean are polluting the water in a way that affects the quality of the resource for all, but no one is specifically accountable for it D. because it causes marine life to compete for increasingly scarce nutrients in the ocean E. because nations in the region all collectively agreed to dump their trash in the Pacific http://www.npr.org/news/specials/climate/video/ http://ngm.nationalgeographic.com/climateconnections/climate-map http://www.npr.org/news/specials/climate/video/wildchronicles.html Use the links provided at left to answer the questions below. Global Warming: It’s All About Carbon How does carbon give us fuel? A. When you burn things that contain carbon the bonds break, giving off energy. B. Burning things creates carbon out of other elements as a result of combustion. C. Carbon is created after oxygen and hydrogen get released. D. Carbon bonds are created thereby giving off energy. E. Carbon is made into fuel by refining oil. National Geographic Climate Map What geographic areas have seen the most significant changes in temperature? A. The African continent. B. The Pacific Ocean. C. The Atlantic Ocean. D. The Arctic Ocean. E. The Indian Ocean. Why does it matter that rain fall steadily rather than in downpours? A. For those countries accustomed to steady rain fall, downpours are actually more efficient ways to catch water. B. Downpours in regions accustomed to steady fall makes them more prone to flooding and damage. C. In general, as long as regions get either steady fall or downpours most things will stay the same. D. Downpours are always more beneficial to crop growth than steady rain. E. Steady rain is always more beneficial to crop growth than downpours. Climate Change Threatens Kona Coffee What is unique about the climate in Hawaii, making it a good place to grow coffee? A. The elevation is high, the nights are cool and the days are humid. B. The elevation is low, the nights are warm and the days are dry. C. The elevation is high, the nights are warm and the days are dry. D. The elevation is low, the nights are cool and the days are dry. E. The elevation is high, the nights are warm and the days are humid. What specific temperature pattern have experts noted about the region where Kona coffee is grown in Hawaii? A. There has been no significant change but the bean production has dropped. B. The nights have warmed up, even though the days have cooled. C. There has been an increase in bean production with the change in climate. D. The nights have cooled even more so than before. E. There has been universally hot days all the way around.

http://www.econlib.org/library/Smith/smWN1.html#B.I,%20Ch.1,%20Of%20the%20Division%20of%20Labor What does Smith mean by division of labor, and how does it affect production? A. He means that each person does their own work to benefit themselves by creating goods. This creates well-crafted goods. B. He argues that in order to become more efficient, we need to put everyone in the same workhouses and eliminate division. C. He says that the division of labor provides farmers with the opportunity to become involved in manufacturing. D. He means that each person makes one small part of a good very quickly, but this is bad for the quality of production overall. E. He means that by having each individual specialize in one thing, they can work together to create products more efficiently and effectively. Which of the following is NOT an example of the circumstances by which the division of labor improves efficiency? A. A doll-making company stops allowing each employee to make one whole doll each and instead appoints each employee to create one part of the doll. B. A family of rug makers buys a loom to speed up their production. C. A mechanic opens a new shop to be nearer to the market. D. A factory changes the responsibilities of its employees so that one group handles heavy boxes and the other group does precision sewing. E. A baker who used to make a dozen cookies at a time buys a giant mixer and oven that enable him to make 20 dozen cookies at a time. Considering the global system of states, what do you think the allegory of the pins has to offer? A. It suggests that there could be a natural harmony of interests among states because they can divide labor among themselves to the benefit of everyone. B. It suggests that states can never be secure enough to cooperate because every state is equally capable of producing the same things. C. It suggests that a central authority is necessary to help states cooperate, in the same way that a manager oversees operations at a factory. D. The allegory of the pins is a great way to think about how wars come about, because states won’t cooperate with each other like pin-makers do. E. The allegory of the pins shows us that there is no natural harmony of interests between states. Smith sees the development of industry, technology, and the division of labor as A. generally positive but not progressive. The lives of many people may improve, but the world will generally stay the same. B. generally positive and progressive. The world is improving because of these changes, and it will continue to improve. C. generally negative. The creation of new technologies and the division of labor are harmful to all humans, both the wealthy and the poor. D. generally negative. The creation of the division of labor only benefits the wealthy at the expense of the poor. E. both positive and negative. Smith thinks that technology hurts us, while the division of labor helps society progress and develop. http://www.youtube.com/watch?v=RUwS1uAdUcI What point is Hans Rosling trying to make when he describes the global health pre-test? A. He is trying to show how the average person has no idea of the true state of global health. B. He is trying to illustrate how we tend to carry around outdated notions about the state of global health. C. He is trying to make us see that the less-developed countries are far worse off than we ever thought. D. He is trying to drive home the idea that global health has not improved over time despite foreign aid and improvements in medicine. E. He is trying to warn us about the rapid growth in world population. Rosling shows us that we tend to think about global health in terms of “we and them.” Who are the “we” and who are the “them”? A. “We” refers to academics, students, and scholars; “them” refers to the uneducated. B. “We” refers to the average person; “them” refers to politicians and global leaders. C. “We” refers to the wealthy; “them” refers to the poor. D. “We” refers to the Western world; “them” refers to the Third World. E. “We” refers to students; “them” refers to professors. In the life expectancy and fertility rate demonstration, what do the statistics reveal? A. Over time, developed countries produced small families and long lives, whereas developing countries produced large families and short lives. B. The world today looks much like it did in 1962 despite our attempts to help poorer countries develop. C. All countries in the world, even the poorer ones, are trending toward longer lives and smaller families. D. Developed countries are trending toward smaller families but shorter lives. E. All countries tend to make gains and losses in fertility and lifespan, but in the long run there is no significant change. What point does Rosling make about life expectancy in Vietnam as compared to the United States? To what does he attribute the change? A. He indicates that economic change preceded social change. B. He suggests that markets and free trade resulted in the increase in life expectancy. C. He says that the data indicates that the Vietnam War contributed to the decrease in life expectancy during that time, but that it recovered shortly thereafter. D. He says that social change in Asia preceded economic change, and life expectancy in Vietnam increased despite the war. E. He indicates that Vietnam was equal to the United States in life expectancy before the war. According to Rosling, how are regional statistics about child survival rates and GDP potentially misleading? A. Countries have an incentive to lie about the actual survival rates because they want foreign assistance. B. Statistics for the individual countries in a region are often vastly different. C. Regional statistics give us a strong sense of how we can understand development within one region, but it does not allow us to compare across regions. D. The data available over time and from countries within regions is often poorly collected and incomplete. E. Child survival rates cannot be compared regionally, since each culture has a different sense of how important children are. What is Rosling’s main point about statistical databases? A. The data is available but not readily accessible, so we need to create networks to solve that problem. B. The data that comes from these databases is often flawed and unreliable. C. It doesn’t matter whether we have access to these databases because the data can’t be used in an interesting way. D. Statistics can’t tell us very much, but we should do our best to make use of the information we do have. E. The information that could be true is too hard to sort out from what isn’t true because we don’t know how strong the data really is. http://www.marxists.org/archive/lenin/works/1916/imp-hsc/ch10.htm#v22zz99h-298-GUESS Click the link at left to read Chapter 10 of Imperialism, The Highest Stage of Capitalism, then answer the questions below. According to Lenin, what is the fundamental source of a monopoly? A. It is a natural effect of human behavior. B. It is the result of governments and police systems. C. Its source is rooted in democracy. D. It comes from the concentration of production at a high stage. E. It is what follows a socialist system. What are the principal types or manifestations of monopoly capitalism? A. Monopolistic capitalist associations like cartels, syndicates and trusts; and monopolies as a result of colonial policy. B. Monopolization of raw materials and monopolization of finance capital. C. Monopolization of governing structures and monopolies of oligarchies. D. Monopolist capitalist associations like cartels, syndicates and trusts; and monopolies as a result of colonial policy AND monopolization of raw materials and monopolization of finance capital. E. Monopolization of raw materials and monopolization of finance capital AND monopolization of governing structures and monopolies of oligarchies. What is the definition of a rentier state according to Lenin? A. A state that colonizes other states. B. A state whose bourgeoisie live off the export of capital. C. A poor state. D. A wealthy state. E. A colonized state. Overall Lenin’s analysis of the state of capitalism is concerned with: A. The interactions between states. B. The interactions within states. C. The ownership of industry and organizations. D. The interactions within states AND the ownership of industry and organizations. E. All of these options. http://view.vzaar.com/1194665/flashplayer Watch the video at left, and then answer the questions below. The Marshall Plan was developed by the United States after World War II. What was its purpose? A. to feed the hungry of Europe B. to stem the spread of communism C. to maintain an American military presence in Europe D. to feed the hungry of Europe AND to stem the spread of communism E. to stem the spread of communism AND to maintain an American military presence in Europe What kind of aid was sent at first? A. foods, fertilizers, and machines for agriculture B. books, paper, and radios for education C. clothing, medical supplies, and construction equipment D. mostly cash in the form of loans and grants E. people with business expertise to help develop the economy What kind of aid did the United States send to Greece to help its farmers? A. tractors B. mules C. seeds D. fertilizer E. all of these options What was one way that the United States influenced public opinion in Italy during the elections described in the video? A. The United States provided significant food aid to Italy so that the Italians would be inclined to vote against the Communists. B. The Italians had been impressed by the strength and loyalty of the American soldiers, and were inclined to listen to them during the elections. C. There was a large number of young Italians who followed American fashion and culture. D. Italian immigrants in the United States wrote letters to their families in Italy urging them not to vote for Communists. E. The Greeks showed the Italians how much the Americans had helped them, warning that supporting a Communist candidate would mean sacrificing American aid. How did Pope Pius XII undermine the strength of the Communist Party in Italy? A. He encouraged Italians to go out and vote. B. He warned that the Communist Party would legalize abortion. C. He excommunicated many members of the Communist Party. D. He made a speech in support of capitalism. E. He declared that Communists should not be baptized. http://www.youtube.com/watch?v=KVhWqwnZ1eM Use the video at left to answer the questions below. Hans Rosling shares how his students discuss “we” versus “them.” To whom are his students referring? A. the United States and Mexico B. Christians and Muslims C. Democrats and Republicans D. Europe and Asia E. none of these options According to Rosling, what factors contribute to a better quality of life for people in developing countries? A. family planning B. soap and water C. investment D. vaccinations E. all of these options Using his data, Rosling demonstrates a great shift in Mexico. What change does his data demonstrate? A. a decrease in drug usage B. a decrease in the number of jobs available C. an increase in average life expenctancy D. an increase in the rate of violent crime E. all of these options Instead of “developing” and “developed,” Rosling divides countries into four categories. Which of the following is NOT one of them? A. high-income countries B. middle-income countries C. low-income countries D. no-income countries E. collapsing countries Rosling discusses the increased life expectancy in both China and the United States. How are the situations different? A. The U.S. and China are on different continents. B. The life expectancy in China rose much higher than it did in the U.S. C. China first expanded its life expectancy and then grew economically, whereas the U.S. did the reverse. D. Average income and life expectancy steadily increased in the U.S., but they steadily decreased in China. E. all of these options Rosling shows a chart that demonstrates the regional income distribution of the world from 1970 to 2015. During that time, what has happened in South and East Asia? A. Money has flowed out of Asia to developing countries in Africa. B. The average income of citizens of South and East Asia has increased over the last 30 years. C. The average income of citizens of South and East Asia has decreased over the last 30 years. D. The average income of citizens of South and East Asia has surpassed that of Europe and North America. E. There has been no change. Click here to access GapMinder, the data visualizer that Hans Rosling uses. In 2010, which of the following countries had both a higher per-capita GDP and a higher life expectancy than the United States? A. France B. Japan C. Denmark D. Singapore E. Kuwait http://www.garretthardinsociety.org/articles/art_tragedy_of_the_commons.html http://www.youtube.com/watch?v=8a4S23uXIcM The Tragedy of the Commons What is the rough definition of the “commons” given in the article? A. any private property on which others trespass B. behavior that everyone considers to be normal C. a cow that lives in a herd D. government-administered benefits, like unemployment or Social Security E. a shared resource What does Hardin mean by describing pollution as a reverse tragedy of the commons? A. Rather than causing a problem, it resolves a problem. B. Pollution costs us money rather than making us money. C. We are putting something into the commons rather than removing something from it. D. It starts at the other end of the biological pyramid. E. Humans see less of it as time goes on. Hardin says “the air and waters surrounding us cannot readily be fenced, and so the tragedy of the commons as a cesspool must be prevented by different means.” What are those means? A. establishing more international treaties to protect the environment B. using laws or taxes to make the polluter pay for pollution C. punishing consumers for generating waste D. raising awareness about environmental issues E. developing greener products Pacific Garbage Dump According to the news report, what percent of the Gyre is made of plastic? A. 50 percent B. 60 percent C. 70 percent D. 80 percent E. 90 percent Where does the majority of the plastic in the Gyre come from? A. barges that dump trash in the ocean B. storm drains from land C. people throwing litter off boats into the ocean D. remnants from movie sets filmed at sea E. fishing boats processing their catch What does Charles Moore mean by the “throwaway concept”? A. the habitual use of disposable plastic packaging B. the mistaken view that marine ecosystems are infinitely renewable C. a general lack of interest in recycling D. the willingness to discard effective but small-scale environmental policies in deference to broader E. people throwing away their lives in pursuit of money In what way does the Great Pacific Gyre represent issues like global warming a tragedy of the commons? A. because all the plastic trash in it comes from the United States B. because it kills the albatross and makes it impossible for them to reproduce C. surbecause the countries rounding the Pacific Ocean are polluting the water in a way that affects the quality of the resource for all, but no one is specifically accountable for it D. because it causes marine life to compete for increasingly scarce nutrients in the ocean E. because nations in the region all collectively agreed to dump their trash in the Pacific http://www.npr.org/news/specials/climate/video/ http://ngm.nationalgeographic.com/climateconnections/climate-map http://www.npr.org/news/specials/climate/video/wildchronicles.html Use the links provided at left to answer the questions below. Global Warming: It’s All About Carbon How does carbon give us fuel? A. When you burn things that contain carbon the bonds break, giving off energy. B. Burning things creates carbon out of other elements as a result of combustion. C. Carbon is created after oxygen and hydrogen get released. D. Carbon bonds are created thereby giving off energy. E. Carbon is made into fuel by refining oil. National Geographic Climate Map What geographic areas have seen the most significant changes in temperature? A. The African continent. B. The Pacific Ocean. C. The Atlantic Ocean. D. The Arctic Ocean. E. The Indian Ocean. Why does it matter that rain fall steadily rather than in downpours? A. For those countries accustomed to steady rain fall, downpours are actually more efficient ways to catch water. B. Downpours in regions accustomed to steady fall makes them more prone to flooding and damage. C. In general, as long as regions get either steady fall or downpours most things will stay the same. D. Downpours are always more beneficial to crop growth than steady rain. E. Steady rain is always more beneficial to crop growth than downpours. Climate Change Threatens Kona Coffee What is unique about the climate in Hawaii, making it a good place to grow coffee? A. The elevation is high, the nights are cool and the days are humid. B. The elevation is low, the nights are warm and the days are dry. C. The elevation is high, the nights are warm and the days are dry. D. The elevation is low, the nights are cool and the days are dry. E. The elevation is high, the nights are warm and the days are humid. What specific temperature pattern have experts noted about the region where Kona coffee is grown in Hawaii? A. There has been no significant change but the bean production has dropped. B. The nights have warmed up, even though the days have cooled. C. There has been an increase in bean production with the change in climate. D. The nights have cooled even more so than before. E. There has been universally hot days all the way around.

http://www.econlib.org/library/Smith/smWN1.html#B.I,%20Ch.1,%20Of%20the%20Division%20of%20Labor What does Smith mean by division of labor, and … Read More...