Robero

CONCEPTS
1. Draw a map and locate Hong Kong on it. What do you know about Hong Kong?

Answer the following questions

1. What is free trade?

A. Free trade is a state where goverment doesntdiscriminate or put restriction to some enterprises with the objective of change the market, and the invisible hand and the supply and demand regulate the market

2. What are the alternatives for freetrade?

A. balanced trade:

· Under balanced trade nations are required to provide a fairly even reciprocal trade pattern; they cannot run large trade deficits.


BFair Trade:

· Fair trade is an organized social movement that aims to help producers in developing countries to make better trading conditions and promote sustainability. The movement knownas fairtrade indicating the certification advocates the payment of a higher price to exporters as well as higher social and environmental standards.

C Protectionism:

· Protectionism is theeconomic policy of restraining trade between states through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations designed to allow (according toproponents) "fair competition" between imports and goods and services produced domestically.

D Tobin Tax:

· A Tobin tax, suggested by Nobel Laureate economist James Tobin, wasoriginally defined as a tax on all spot conversions of one currency into another. The tax is intended to put a penalty on short-term financial round-trip excursions into another currency.


3.What does “dog-eat-dog” economy imply?

· This kind of economy is an selfish one, it says that every man just one to win money himself and he or tthey doesnt care about the other population, teenterprises just one themselves to win.

4. If one business or industry earns money, does it necessarily mean that others are losing that money?

· Not necessarily because the enterprises can...