Short-answer questions

1.1 Identify 2 of the following 3 terms listed below. For every item you must do the following

1.define the term

2. identify the authors who discuss the term,

3. give a brief statement about why the term is important and (or) what role it plays in the author’s work

4. provide at least one empirical example of the term where appropriate

Write at least 6-7 sentences per item.

-comparative advantage

-foreign direct investment

-Kyoto protocol

Respond to 2 of the following 3 questions (6-7 sentences per question).

What is the difference between comparative advantage and absolute advantage?

What are the advantages and disadvantaged of adopting a fixed exchange rate regime?

Does the bargaining model help us understand civil war and terrorism? How so?

You only have to answer 4 questions in 6-7 sentences.