Question 1

What was the theoretical contribution of the post-2008 economic crisis?

Accepted Answer

A) It strengthened the arguments of liberals. 
B) It strengthened the views of economic structuralists. 
C) It contributed to the view that economies function best when governments are least involved. 
D) It contributed to the view that state intervention is important and markets left to themselves will induce crisis. 
A) It strengthened the arguments of liberals. 
B) It strengthened the views of economic structuralists. 
C) It contributed to the view that economies function best when governments are least involved. 
D) It contributed to the view that state intervention is important and markets left to themselves will induce crisis.

Question 2

Neomercantilism includes all but one of the following principles. Which is not correct?

Accepted Answer

A) Focus on state goals 
B) Concern with the distribution of the gains from trade 
C) Focus on the benefits of trade 
D) Emphasis on the conflictual nature of trade 
A) Focus on state goals 
B) Concern with the distribution of the gains from trade 
C) Focus on the benefits of trade 
D) Emphasis on the conflictual nature of trade

Question 3

What results when the dollar decreases in value against the euro?

Accepted Answer

A) The price of goods from Europe is less expensive for American consumers. 
B) The price of goods from Europe remains the same. 
C) The price of goods from Europe is more expensive for American consumers. 
D) The price of goods from Europe is expensive for some imports and less expensive for others. 
A) The price of goods from Europe is less expensive for American consumers. 
B) The price of goods from Europe remains the same. 
C) The price of goods from Europe is more expensive for American consumers. 
D) The price of goods from Europe is expensive for some imports and less expensive for others.

Question 4

What is a subsidy?

Accepted Answer

A) A limit on the number of goods that are imported 
B) A tax on imports 
C) A direct payment to the producers of goods to help them remain profitable 
D) A foreign aid program directed at developing countries 
A) A limit on the number of goods that are imported 
B) A tax on imports 
C) A direct payment to the producers of goods to help them remain profitable 
D) A foreign aid program directed at developing countries

Question 5

Compare and contrast the key approaches to IPE. Which key issues do the approaches agree, on which do they disagree? Which approach do you believe best describes the real world? Why?

Accepted Answer

The key approaches to International Poli

Question 6

What kind of a foreign exchange condition benefits the domestic producer, but hurts the foreign exporter?

Accepted Answer

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

Question 7

Why are liberalism and comparative advantage closely associated?

Accepted Answer

A) Because both argue that while some states may gain, other states stand to lose 
B) Because both argue that when states cooperate, both can benefit simultaneously 
C) Because both argue that mutual benefits are very difficult to achieve 
D) Because both argue that conflict eventually results from direct competition 
A) Because both argue that while some states may gain, other states stand to lose 
B) Because both argue that when states cooperate, both can benefit simultaneously 
C) Because both argue that mutual benefits are very difficult to achieve 
D) Because both argue that conflict eventually results from direct competition

Question 8

What would you expect to find in a country with a trade surplus?

Accepted Answer

A) Higher prices 
B) Lower prices 
C) A damaged economy 
D) Increased employment and higher wages 
A) Higher prices 
B) Lower prices 
C) A damaged economy 
D) Increased employment and higher wages

Question 9

Why might states manipulate the price of their currency downward?

Accepted Answer

A) In order to increase their trade deficit 
B) In order to encourage emigration 
C) In order to boost their trade surplus 
D) In order to import more foreign goods 
A) In order to increase their trade deficit 
B) In order to encourage emigration 
C) In order to boost their trade surplus 
D) In order to import more foreign goods

Question 10

Exchange rates are critical to a country's economic position. Why do exchange rates matter? In what ways do they affect a country's economy?

Accepted Answer

Exchange rates are critical to a country

Question 11

What was the name of Franklin Roosevelt's program to resolve economic problems during the Great Depression?

Accepted Answer

A) The Fair Deal 
B) The Square Deal 
C) The New Deal 
D) The Raw Deal 
A) The Fair Deal 
B) The Square Deal 
C) The New Deal 
D) The Raw Deal

Question 12

Among the theories of IPE, which values augmentation in state power, domestic employment, and self-sufficiency?

Accepted Answer

A) Liberalism 
B) Realism 
C) Constructivism 
D) Economic Structuralism 
A) Liberalism 
B) Realism 
C) Constructivism 
D) Economic Structuralism

Question 13

Discuss the various types of protectionist measures. Who ultimately benefits from these measures and who suffers the cost?

Accepted Answer

Protectionist measures are policies impl

Question 14

According to liberals, what is the root cause of poverty?

Accepted Answer

A) Too much free trade 
B) Not enough free trade 
C) A heavy reliance on fair trade 
D) The extension of economic globalization 
A) Too much free trade 
B) Not enough free trade 
C) A heavy reliance on fair trade 
D) The extension of economic globalization

Question 15

Of which organization did China become a member state in 2001?

Accepted Answer

A) NATO 
B) The EU 
C) The WTO 
D) NAFTA 
A) NATO 
B) The EU 
C) The WTO 
D) NAFTA

Question 16

Economic structuralists examine international trade from the perspective of the distribution of benefits to which of the following?

Accepted Answer

A) States 
B) Classes 
C) Individuals 
D) Corporations 
A) States 
B) Classes 
C) Individuals 
D) Corporations

Question 17

Approximately what percentage of the clothing sold in the United States is manufactured elsewhere?

Accepted Answer

A) 35 percent 
B) 50 percent 
C) 75 percent 
D) 98 percent 
A) 35 percent 
B) 50 percent 
C) 75 percent 
D) 98 percent

Question 18

Which of the following describes the realists' problem of relative gains?

Accepted Answer

A) A situation where, even if both sides gain, the side that gains more may increase its power over the side that gains less 
B) A situation where both sides may gain, which would lead to a mutual increase in state power 
C) A situation where both sides are negatively affected by trade and in a position to lose power 
D) A situation where the efficiency of trade benefits becomes more important than the distribution of benefits 
A) A situation where, even if both sides gain, the side that gains more may increase its power over the side that gains less 
B) A situation where both sides may gain, which would lead to a mutual increase in state power 
C) A situation where both sides are negatively affected by trade and in a position to lose power 
D) A situation where the efficiency of trade benefits becomes more important than the distribution of benefits

Question 19

Which of the following do economic structuralism and liberalism agree on?

Accepted Answer

A) That free markets, if left to themselves, reduce economic inequalities 
B) That international trade is a zero-sum game 
C) That substate actors, such as corporations and economic classes, are important 
D) That distributive issues related to trade are a major issue 
A) That free markets, if left to themselves, reduce economic inequalities 
B) That international trade is a zero-sum game 
C) That substate actors, such as corporations and economic classes, are important 
D) That distributive issues related to trade are a major issue

Question 20

If two countries implement the policies called for by the theory of comparative advantage, what will happen?

Accepted Answer

A) One country will be able to outproduce, and sell more, than the other country. 
B) Production will increase in one country, while consumption will decrease in the other. 
C) Consumption will drop in both countries while production will remain constant. 
D) Consumption will increase in both countries. 
A) One country will be able to outproduce, and sell more, than the other country. 
B) Production will increase in one country, while consumption will decrease in the other. 
C) Consumption will drop in both countries while production will remain constant. 
D) Consumption will increase in both countries.

What was the theoretical contribution of the post-2008 economic crisis?

Neomercantilism includes all but one of the following principles. Which is not correct?

What results when the dollar decreases in value against the euro?

What is a subsidy?

Compare and contrast the key approaches to IPE. Which key issues do the approaches agree, on which do they disagree? Which approach do you believe best describes the real world? Why?

What kind of a foreign exchange condition benefits the domestic producer, but hurts the foreign exporter?

Why are liberalism and comparative advantage closely associated?

What would you expect to find in a country with a trade surplus?

Why might states manipulate the price of their currency downward?

Exchange rates are critical to a country's economic position. Why do exchange rates matter? In what ways do they affect a country's economy?

What was the name of Franklin Roosevelt's program to resolve economic problems during the Great Depression?

Among the theories of IPE, which values augmentation in state power, domestic employment, and self-sufficiency?

Discuss the various types of protectionist measures. Who ultimately benefits from these measures and who suffers the cost?

According to liberals, what is the root cause of poverty?

Of which organization did China become a member state in 2001?

Economic structuralists examine international trade from the perspective of the distribution of benefits to which of the following?

Approximately what percentage of the clothing sold in the United States is manufactured elsewhere?

Which of the following describes the realists' problem of relative gains?

Which of the following do economic structuralism and liberalism agree on?

If two countries implement the policies called for by the theory of comparative advantage, what will happen?

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

Exam 10: Fundamentals of International Political Economy

What was the theoretical contribution of the post-2008 economic crisis?

Neomercantilism includes all but one of the following principles. Which is not correct?

What results when the dollar decreases in value against the euro?

What is a subsidy?

Compare and contrast the key approaches to IPE. Which key issues do the approaches agree, on which do they disagree? Which approach do you believe best describes the real world? Why?

What kind of a foreign exchange condition benefits the domestic producer, but hurts the foreign exporter?

Why are liberalism and comparative advantage closely associated?

What would you expect to find in a country with a trade surplus?

Why might states manipulate the price of their currency downward?

Exchange rates are critical to a country's economic position. Why do exchange rates matter? In what ways do they affect a country's economy?

What was the name of Franklin Roosevelt's program to resolve economic problems during the Great Depression?

Among the theories of IPE, which values augmentation in state power, domestic employment, and self-sufficiency?

Discuss the various types of protectionist measures. Who ultimately benefits from these measures and who suffers the cost?

According to liberals, what is the root cause of poverty?

Of which organization did China become a member state in 2001?

Economic structuralists examine international trade from the perspective of the distribution of benefits to which of the following?

Approximately what percentage of the clothing sold in the United States is manufactured elsewhere?

Which of the following describes the realists' problem of relative gains?

Which of the following do economic structuralism and liberalism agree on?

If two countries implement the policies called for by the theory of comparative advantage, what will happen?

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