Exam #1 terms

September 27, in-class
10% of course grade. 

In class I will give you a list of 10 concepts. Identify and explain any 5 of them. Your explanations do not need to be more than 2-4 sentences. 

The list of 10 will be drawn from this list:

CAFTA-DR
Capital
Comparative Advantage
Doha Round
Empirical
Labor
Liberalism
Multilateralism (in trade policy)
Nondiscrimination (in trade policy)
Normative
Opportunity Cost
Reciprocity (in trade policy)
Regionalism
Smoot-Hawley 
Tariff
World Trade Organization