Question 1

What type of currency is relatively expensive for others to buy, and other currencies are cheap in comparison to it?

Accepted Answer

A) A weak currency 
B) A strong currency 
C) A mixed currency 
D) A fluctuating currency 
A) A weak currency 
B) A strong currency 
C) A mixed currency 
D) A fluctuating currency B

Question 2

When did competitive devaluation occur?

Accepted Answer

A) During the Great Depression 
B) During the Vietnam War 
C) During the economic downturn of 2008 
D) During the 1990s 
A) During the Great Depression 
B) During the Vietnam War 
C) During the economic downturn of 2008 
D) During the 1990s A

Question 3

What is the key difference between the constructivist approach to the international political economy and the other theories?

Accepted Answer

A) The assumption that power remains central to an understanding of the global economy 
B) The assumption that states' goals and policies continuously change 
C) The assumption that economic growth and development will be achieved over time 
D) The assumption that individuals are still able to improve their economic positions 
A) The assumption that power remains central to an understanding of the global economy 
B) The assumption that states' goals and policies continuously change 
C) The assumption that economic growth and development will be achieved over time 
D) The assumption that individuals are still able to improve their economic positions B

Question 4

Realist analysis of IPE deals with the interests of which of the following?

Accepted Answer

A) The individual, and not with the interests of corporations within a country 
B) The state, and not with the interests of individuals within the state or with economic efficiency 
C) Owners of the means of production, as opposed to the workers in the factories 
D) Transnational corporations and multinational conglomerates 
A) The individual, and not with the interests of corporations within a country 
B) The state, and not with the interests of individuals within the state or with economic efficiency 
C) Owners of the means of production, as opposed to the workers in the factories 
D) Transnational corporations and multinational conglomerates

Question 5

What is one effect of a weak currency for the domestic economy?

Accepted Answer

A) Consumers will purchase fewer foreign goods and more domestic goods. 
B) The price of domestically produced goods will increase and consumers will purchase more foreign goods. 
C) Foreign producers will flood the domestic market with goods. 
D) Overall trade will decline as consumers decrease both domestic and foreign purchases. 
A) Consumers will purchase fewer foreign goods and more domestic goods. 
B) The price of domestically produced goods will increase and consumers will purchase more foreign goods. 
C) Foreign producers will flood the domestic market with goods. 
D) Overall trade will decline as consumers decrease both domestic and foreign purchases.

Question 6

What does embedded liberalism refer to?

Accepted Answer

A) The dilemma in which free trade may be beneficial but it could lead to an intrusive and abusive state 
B) The dilemma in which the realist view of mercantilism should be softened with a more constructivist approach 
C) The dilemma in which free trade is widely accepted yet the outcome of free trade could be disruptive and thus governments need to be cautious 
D) The dilemma in which liberalism is essentially embedded into the framework of the government structure 
A) The dilemma in which free trade may be beneficial but it could lead to an intrusive and abusive state 
B) The dilemma in which the realist view of mercantilism should be softened with a more constructivist approach 
C) The dilemma in which free trade is widely accepted yet the outcome of free trade could be disruptive and thus governments need to be cautious 
D) The dilemma in which liberalism is essentially embedded into the framework of the government structure

Question 7

What is the balance of trade? Why is it important? How does it affect domestic politics?

Accepted Answer

The balance of trade refers to the diffe

Question 8

Why does the U.S. government want China to allow its currency to increase in value?

Accepted Answer

A) In order raise the value of the U.S. dollar 
B) In order to help moderate the American trade deficit with China 
C) In order to lower American interest rates 
D) In order for China to create competitive devaluation 
A) In order raise the value of the U.S. dollar 
B) In order to help moderate the American trade deficit with China 
C) In order to lower American interest rates 
D) In order for China to create competitive devaluation

Question 9

What does the theory of comparative advantage illustrate?

Accepted Answer

A) That specialization can lead to a rise in poverty among many groups of people 
B) That specialization can lead to an increase in overall consumption and efficiency 
C) That specialization can lead to greater equality among all people 
D) That specialization can lead to the rise of powerful international organizations 
A) That specialization can lead to a rise in poverty among many groups of people 
B) That specialization can lead to an increase in overall consumption and efficiency 
C) That specialization can lead to greater equality among all people 
D) That specialization can lead to the rise of powerful international organizations

Question 10

Which of the following countries are among the world's largest oil exporters?

Accepted Answer

A) Saudi Arabia and Russia 
B) Russia and Sudan 
C) Iraq and Trinidad and Tobago 
D) Iran and the United States 
A) Saudi Arabia and Russia 
B) Russia and Sudan 
C) Iraq and Trinidad and Tobago 
D) Iran and the United States

Question 11

What effects would revaluing the Chinese yuan have?

Accepted Answer

A) Make Chinese exports more competitive in foreign markets 
B) Decrease employment in China 
C) Increase profits for Chinese exporters 
D) Decrease the prices of Chinese exports 
A) Make Chinese exports more competitive in foreign markets 
B) Decrease employment in China 
C) Increase profits for Chinese exporters 
D) Decrease the prices of Chinese exports

Question 12

What is the practice of providing access to small amounts of credit to women entrepreneurs in developing countries called?

Accepted Answer

A) International borrowing 
B) Microlending 
C) Creative financing 
D) Small business loans 
A) International borrowing 
B) Microlending 
C) Creative financing 
D) Small business loans

Question 13

What term refers to the reduction of the general level of prices in an economy?

Accepted Answer

A) Devaluation 
B) Depression 
C) Depreciation 
D) Deflation 
A) Devaluation 
B) Depression 
C) Depreciation 
D) Deflation

Question 14

How can the international political economy be defined?

Accepted Answer

A) IPE is the shorthand for all international organizations, such as the International Monetary Fund and the World Bank, that direct international investments. 
B) IPE is the comparative advantage that industrialized nations have over agriculturally-based nations. 
C) IPE is the two-way relationship between international politics and international economy. 
D) IPE is the combination of domestic fiscal and monetary policies developed by sovereign states. 
A) IPE is the shorthand for all international organizations, such as the International Monetary Fund and the World Bank, that direct international investments. 
B) IPE is the comparative advantage that industrialized nations have over agriculturally-based nations. 
C) IPE is the two-way relationship between international politics and international economy. 
D) IPE is the combination of domestic fiscal and monetary policies developed by sovereign states.

Question 15

How much has China's economy grown since 1980?

Accepted Answer

A) Three percent 
B) Five percent 
C) Seven percent 
D) Ten percent 
A) Three percent 
B) Five percent 
C) Seven percent 
D) Ten percent

Question 16

The theory of comparative advantage has been an important concept in international politics for several centuries. What is the basic argument of this theory? What are its main assumptions? In what way does it explain the rise of efficiency between two countries?

Accepted Answer

The theory of comparative advantage, fir

Question 17

The theory of comparative advantage has been closely associated with which theory of international relations?

Accepted Answer

A) Realism 
B) Economic structuralism 
C) Liberalism 
D) Feminism 
A) Realism 
B) Economic structuralism 
C) Liberalism 
D) Feminism

Question 18

In economic terms, what is the balance of trade?

Accepted Answer

A) Total exports plus total imports 
B) Total imports minus total exports 
C) Total exports minus total debt 
D) Total exports minus total imports 
A) Total exports plus total imports 
B) Total imports minus total exports 
C) Total exports minus total debt 
D) Total exports minus total imports

Question 19

According to the feminist approach, which of the following can be said about the informal work done by women in housework and in raising children?

Accepted Answer

A) That it has been undervalued and ignored by traditional theories of international political economy (IP
E)  
B) That it has been included by some of the traditional theories 
C) That it is not of sufficient importance to merit a significant inclusion in IPE theories 
D) That it should be given a monetary value and women should be compensated for it 
A) That it has been undervalued and ignored by traditional theories of international political economy (IP
E)  
B) That it has been included by some of the traditional theories 
C) That it is not of sufficient importance to merit a significant inclusion in IPE theories 
D) That it should be given a monetary value and women should be compensated for it

Question 20

What would an American manufacturer with American customers competing with imported goods benefit from?

Accepted Answer

A) A strong American dollar 
B) A weak American dollar 
C) Neither a weak or strong American dollar. Exchange rates do not affect manufacturers. 
D) A stable American dollar 
A) A strong American dollar 
B) A weak American dollar 
C) Neither a weak or strong American dollar. Exchange rates do not affect manufacturers. 
D) A stable American dollar

What type of currency is relatively expensive for others to buy, and other currencies are cheap in comparison to it?

When did competitive devaluation occur?

What is the key difference between the constructivist approach to the international political economy and the other theories?

Realist analysis of IPE deals with the interests of which of the following?

What is one effect of a weak currency for the domestic economy?

What does embedded liberalism refer to?

What is the balance of trade? Why is it important? How does it affect domestic politics?

Why does the U.S. government want China to allow its currency to increase in value?

What does the theory of comparative advantage illustrate?

Which of the following countries are among the world's largest oil exporters?

What effects would revaluing the Chinese yuan have?

What is the practice of providing access to small amounts of credit to women entrepreneurs in developing countries called?

What term refers to the reduction of the general level of prices in an economy?

How can the international political economy be defined?

How much has China's economy grown since 1980?

The theory of comparative advantage has been an important concept in international politics for several centuries. What is the basic argument of this theory? What are its main assumptions? In what way does it explain the rise of efficiency between two countries?

The theory of comparative advantage has been closely associated with which theory of international relations?

In economic terms, what is the balance of trade?

According to the feminist approach, which of the following can be said about the informal work done by women in housework and in raising children?

What would an American manufacturer with American customers competing with imported goods benefit from?

Introduction: Problems and Questions in International Politics

The Historical Evolution of International Politics

Theories of International Relations: Realism and Liberalism

Theories of International Relations: Economic Structuralism, Constructivism, and Feminism

The State, Society, and Foreign Policy

Bureaucracies, Groups, and Individuals in the Foreign Policy Process

International Organizations and Transnational Actors

International Insecurity and the Causes of War and Peace

The Use of Force

The Globalization of Trade and Finance

The Problem of Global Inequality

International Law, Norms, and Human Rights

The Global Environment and International Politics

Conclusion: Power and Purpose in a Changing World

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Exam 10: Fundamentals of International Political Economy

What type of currency is relatively expensive for others to buy, and other currencies are cheap in comparison to it?

When did competitive devaluation occur?

What is the key difference between the constructivist approach to the international political economy and the other theories?

Realist analysis of IPE deals with the interests of which of the following?

What is one effect of a weak currency for the domestic economy?

What does embedded liberalism refer to?

What is the balance of trade? Why is it important? How does it affect domestic politics?

Why does the U.S. government want China to allow its currency to increase in value?

What does the theory of comparative advantage illustrate?

Which of the following countries are among the world's largest oil exporters?

What effects would revaluing the Chinese yuan have?

What is the practice of providing access to small amounts of credit to women entrepreneurs in developing countries called?

What term refers to the reduction of the general level of prices in an economy?

How can the international political economy be defined?

How much has China's economy grown since 1980?

The theory of comparative advantage has been an important concept in international politics for several centuries. What is the basic argument of this theory? What are its main assumptions? In what way does it explain the rise of efficiency between two countries?

The theory of comparative advantage has been closely associated with which theory of international relations?

In economic terms, what is the balance of trade?

According to the feminist approach, which of the following can be said about the informal work done by women in housework and in raising children?

What would an American manufacturer with American customers competing with imported goods benefit from?

Introduction: Problems and Questions in International Politics

The Historical Evolution of International Politics

Theories of International Relations: Realism and Liberalism

Theories of International Relations: Economic Structuralism, Constructivism, and Feminism

The State, Society, and Foreign Policy

Bureaucracies, Groups, and Individuals in the Foreign Policy Process

International Organizations and Transnational Actors

International Insecurity and the Causes of War and Peace

The Use of Force

The Globalization of Trade and Finance

The Problem of Global Inequality

International Law, Norms, and Human Rights

The Global Environment and International Politics

Conclusion: Power and Purpose in a Changing World

Filters