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Module 4 midterm exam

Question 1 What were the causes of the 2010-2012 debt crisis
within the EU? What

does this tell us with regard to the potential weaknesses of
the euro?

Explain your answer with a well-constructed and cogent
response.

Question 2 Using the concept of “the veil of ignorance,”
develop an ethical code

that will influence the policies of a clothing business
looking to

outsource its manufacturing process.

Question 3 Unions in developed nations often oppose imports
from low-wage

countries and are strong advocates of restrictive trade
barriers to

protect what they view as “unfair” import competition. Is
such

competition “unfair”? Explain your answer with a
well-constructed

argument and examples to illustrate your point(s).

Question 4Do you agree or disagree with the following
statement: The lowering of

barriers to trade and investment between countries within a
trading

group will probably be followed by increased price
competition.

Explain your answer with a well-constructed argument.

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