Exam 15: International Economics

The Bretton Woods system set up the free floating monetary exchange rate whereby currency is treated essentially as a commodity in determining its value.

The United States was the Allied country which insisted on the payment of reparations after World War I.

Which theory considers the state as the key rational actor on the world stage?

Which region best epitomizes the philosophy of neo-mercantilism?

The figure which the United Nations sets as a target for rich countries to give to poor countries in aid and assistance is 5 percent of GNP, but only the U.S. meets this figure.

The gold standard remained intact until:

Which country consistently ranks highest on the Human Development Index HDI)?

A country committed to the theory of comparative advantage could be expected to engage in economic nationalism.

Name the U.S. president who assented to participation in the UNCTAD I conference:

The OPEC organization is an example of an international cartel.

The ideas associated in your text with a book by Herman Schwartz ought to sound like pleasing music to the ears of MNCs, but more like dissonant noise to countries.

The Dawes Plan for the cyclical distribution of money worked right up until the outbreak of World War II in 1939.

Which event occurred in 1930?

A global recession occurred between 1979-83.

The similarities between Aaron Feurstein and Al Dunlap discussed in the textbook outweigh any possible differences between these two corporate elites.

Which of these names has been tainted by its exacerbation of the Great Depression?

World trade was increased most dramatically by which set of events?

Britain and France accorded most favored nation MFN) status to each other in the 1860 Franco-British Chevalier Treaty.

A free-floating currency was adopted by the U.S. under president Jimmy Carter.

Selling goods at a level 10% less than one's competitors is what is meant by dumping.