Fully revised and reorganized by Anna Getmansky and Alejandro Quiroz Flores to fit the exciting new edition of Bruce Bueno de Mesquita's Principles of International Politics, this accompanying workbook continues to feature class-tested, user-friendly exercises that walk students through the building blocks of the strategic method, ensuring that even novice students have the opportunity to develop and hone their problem-solving skills and can successfully apply what they have learned in the text. The fifth edition of Applying the Strategic Perspective: Problems and Models, Workbook introduces students to a wide range of problems so that they master basic principles as well as test their capabilities with more challenging material. Easy for students to use, and with perforated pages for turning in assignments, the workbook also comes ...
Chapter 10: Free Trade or Fair: The Domestic Politics of Tariffs
Free Trade or Fair: The Domestic Politics of Tariffs
Exercise 10-1. Free Trade in Widgets and Gizmos
Table 10.1 indicates the productivity (the amount of output produced by one worker per day) of two countries (Malistan and Ukralia) for two particular goods (widgets and gizmos). Assume these are the only two countries that can trade these items with each other. Answer the questions below using this table.
- Which country has an absolute advantage in producing widgets?
- Which country has an absolute advantage in producing gizmos?
- Which country has a comparative advantage in producing widgets?
- Which country has a comparative advantage in producing gizmos?
- Under free trade, which country would produce widgets?
- Under free ...