Question 1

About how many foreign students study in the United States annually?

Accepted Answer

A) 100,000 foreign students 
B) 400,000 foreign students 
C) 700,000 foreign students 
D) 1,000,000 foreign students 
A) 100,000 foreign students 
B) 400,000 foreign students 
C) 700,000 foreign students 
D) 1,000,000 foreign students

Question 2

One major problem of the General Agreement on Tariffs and Trade (GATT)was the exclusion of certain classes of products. What was one of the most significant classes of product originally excluded from GATT?

Accepted Answer

A) Agricultural 
B) Manufactured 
C) Automotive 
D) Pharmaceuticals 
A) Agricultural 
B) Manufactured 
C) Automotive 
D) Pharmaceuticals

Question 3

Which of the following statements is true?

Accepted Answer

A) For most countries, foreign trade is growing much faster than the domestic economy. 
B) The portion of each country's economy that is either sold as exports or bought as imports is decreasing. 
C) Domestic economies in most of the world are growing faster than foreign trade. 
D) Trade is the only form of globalization. 
A) For most countries, foreign trade is growing much faster than the domestic economy. 
B) The portion of each country's economy that is either sold as exports or bought as imports is decreasing. 
C) Domestic economies in most of the world are growing faster than foreign trade. 
D) Trade is the only form of globalization.

Question 4

Why was the International Monetary Fund created during the Bretton Woods system?

Accepted Answer

A) In order to oversee the fixed exchange rate policy 
B) In order to lend money for long-term development projects 
C) In order to regulate global financial flows 
D) In order to lend money for a country's short-term imbalances 
A) In order to oversee the fixed exchange rate policy 
B) In order to lend money for long-term development projects 
C) In order to regulate global financial flows 
D) In order to lend money for a country's short-term imbalances

Question 5

What was the primary change from the General Agreement on Tariffs and Trade (GATT)to the World Trade Organization (WTO)focused on?

Accepted Answer

A) The ability of the WTO to penalize the United States for any trade violation 
B) The ability of the WTO to prohibit certain countries from seeking penalties against other countries 
C) The ability of the WTO to allow states to challenge each other's laws at the WTO 
D) The ability of the WTO to create an international trade police that was permitted to examine imported goods 
A) The ability of the WTO to penalize the United States for any trade violation 
B) The ability of the WTO to prohibit certain countries from seeking penalties against other countries 
C) The ability of the WTO to allow states to challenge each other's laws at the WTO 
D) The ability of the WTO to create an international trade police that was permitted to examine imported goods

Question 6

In 2010, who acted as the lender of last resort for Greece?

Accepted Answer

A) The European Union, but primarily Germany 
B) The United Kingdom 
C) The United States 
D) The World Bank 
A) The European Union, but primarily Germany 
B) The United Kingdom 
C) The United States 
D) The World Bank

Question 7

Since its economy began to take off in the early 1980s, China has lifted approximately how many people out of poverty, largely through participation in the global economy?

Accepted Answer

A) 60 million 
B) 140 million 
C) 350 million 
D) 600 million 
A) 60 million 
B) 140 million 
C) 350 million 
D) 600 million

Question 8

The monetary system wherein little capital mobility occurred, stable exchange rates existed in order to facilitate trade, and the U.S. dollar was the primary currency to which all other currencies adjusted was known as the which of the following?

Accepted Answer

A) The classical gold standard system 
B) The intervening, interwar era 
C) The Bretton Woods system 
D) The post-Bretton Woods system 
A) The classical gold standard system 
B) The intervening, interwar era 
C) The Bretton Woods system 
D) The post-Bretton Woods system

Question 9

When a country is no longer willing or able to make the scheduled payments on its borrowed capital, this often develops into what is known as which of the following?

Accepted Answer

A) A lender of last resort condition 
B) A debt crisis 
C) A fluctuating loss economy 
D) A decline in interest rate scenario 
A) A lender of last resort condition 
B) A debt crisis 
C) A fluctuating loss economy 
D) A decline in interest rate scenario

Question 10

The process known as the "two-level game" highlights the interaction between which of the following?

Accepted Answer

A) The individual level and the state level 
B) International partners and domestic constituents 
C) The state level and the international level 
D) The trade level and the finance level 
A) The individual level and the state level 
B) International partners and domestic constituents 
C) The state level and the international level 
D) The trade level and the finance level

Question 11

Which of the following can be said of farmers in areas where land is scarce, such as Japan?

Accepted Answer

A) Farmers generally oppose free trade. 
B) Farmers generally support free trade. 
C) Farmers generally support a limited reduction in tariffs. 
D) Farmers generally align themselves with the interests of other workers. 
A) Farmers generally oppose free trade. 
B) Farmers generally support free trade. 
C) Farmers generally support a limited reduction in tariffs. 
D) Farmers generally align themselves with the interests of other workers.

Question 12

What were the objectives of the Bretton Woods system?

Accepted Answer

A) To fight communism and enrich the United States 
B) To promote free trade and increase global wealth 
C) To rebuild Europe and democratize the developing world 
D) To ensure continued U.S. presence in Asia and expand global capitalism 
A) To fight communism and enrich the United States 
B) To promote free trade and increase global wealth 
C) To rebuild Europe and democratize the developing world 
D) To ensure continued U.S. presence in Asia and expand global capitalism

Question 13

What factor undermined the gold standard immediately following World War I?

Accepted Answer

A) Significant number of countries had to print more currency in order to finance the war effort 
B) President Wilson took the United States off the gold standard because of unsustainable deficits 
C) The war severely strengthened Britain's financial position 
D) The continuous discovery of vast amounts of new gold that helped the economy grow 
A) Significant number of countries had to print more currency in order to finance the war effort 
B) President Wilson took the United States off the gold standard because of unsustainable deficits 
C) The war severely strengthened Britain's financial position 
D) The continuous discovery of vast amounts of new gold that helped the economy grow

Question 14

What is one reason why the General Agreement on Tariffs and Trade (GATT)dispute resolution mechanism was criticized by weaker and poorer countries?

Accepted Answer

A) Because the United States enacted high tariffs on goods from poor nations 
B) Because the dispute resolution process was so fast that it did not give enough time for an accused country to mount a case 
C) Because the dispute mechanism had very strong enforcement measures 
D) Because weaker countries were forced by the United States to accept certain decisions 
A) Because the United States enacted high tariffs on goods from poor nations 
B) Because the dispute resolution process was so fast that it did not give enough time for an accused country to mount a case 
C) Because the dispute mechanism had very strong enforcement measures 
D) Because weaker countries were forced by the United States to accept certain decisions

Question 15

Discuss the origins, components, and goals of the WTO. What is the WTO process for dispute resolution? Who does it most benefit? Whose concerns are not addressed?

Accepted Answer

The World Trade Organization (WTO) was e

Question 16

Which member country of the European Union apparently came very close to defaulting on its debt?

Accepted Answer

A) United Kingdom 
B) Ireland 
C) Italy 
D) Greece 
A) United Kingdom 
B) Ireland 
C) Italy 
D) Greece

Question 17

Economic liberalization became a powerful ideology and sets of policies were enacted by many governments beginning in the late 1980s. What were these policies and what were their objectives? What have the implications of such policies been?

Accepted Answer

Economic liberalization refers to the re

Question 18

What is the reason that poorer countries are now playing a more prominent role in negotiations over world trade arrangements?

Accepted Answer

A) Due to the diffusion of economic power 
B) Due to the increase of agricultural subsidies within wealthy states 
C) Due to the concentration of economic power 
D) Due to a reduction of agricultural subsidies within wealthy states 
A) Due to the diffusion of economic power 
B) Due to the increase of agricultural subsidies within wealthy states 
C) Due to the concentration of economic power 
D) Due to a reduction of agricultural subsidies within wealthy states

Question 19

Supporters of globalization tend to fall into which theoretical camp?

Accepted Answer

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

Question 20

Which domestic interest groups would benefit from preserving trade barriers and which groups would be hurt by those same barriers? How important are domestic interest groups in affecting international trade policy?

Accepted Answer

There are several domestic interest grou

About how many foreign students study in the United States annually?

One major problem of the General Agreement on Tariffs and Trade (GATT)was the exclusion of certain classes of products. What was one of the most significant classes of product originally excluded from GATT?

Which of the following statements is true?

Why was the International Monetary Fund created during the Bretton Woods system?

What was the primary change from the General Agreement on Tariffs and Trade (GATT)to the World Trade Organization (WTO)focused on?

In 2010, who acted as the lender of last resort for Greece?

Since its economy began to take off in the early 1980s, China has lifted approximately how many people out of poverty, largely through participation in the global economy?

The monetary system wherein little capital mobility occurred, stable exchange rates existed in order to facilitate trade, and the U.S. dollar was the primary currency to which all other currencies adjusted was known as the which of the following?

When a country is no longer willing or able to make the scheduled payments on its borrowed capital, this often develops into what is known as which of the following?

The process known as the "two-level game" highlights the interaction between which of the following?

Which of the following can be said of farmers in areas where land is scarce, such as Japan?

What were the objectives of the Bretton Woods system?

What factor undermined the gold standard immediately following World War I?

What is one reason why the General Agreement on Tariffs and Trade (GATT)dispute resolution mechanism was criticized by weaker and poorer countries?

Discuss the origins, components, and goals of the WTO. What is the WTO process for dispute resolution? Who does it most benefit? Whose concerns are not addressed?

Which member country of the European Union apparently came very close to defaulting on its debt?

Economic liberalization became a powerful ideology and sets of policies were enacted by many governments beginning in the late 1980s. What were these policies and what were their objectives? What have the implications of such policies been?

What is the reason that poorer countries are now playing a more prominent role in negotiations over world trade arrangements?

Supporters of globalization tend to fall into which theoretical camp?

Which domestic interest groups would benefit from preserving trade barriers and which groups would be hurt by those same barriers? How important are domestic interest groups in affecting international trade policy?

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

Fundamentals of International Political Economy

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 11: The Globalization of Trade and Finance

About how many foreign students study in the United States annually?

One major problem of the General Agreement on Tariffs and Trade (GATT)was the exclusion of certain classes of products. What was one of the most significant classes of product originally excluded from GATT?

Which of the following statements is true?

Why was the International Monetary Fund created during the Bretton Woods system?

What was the primary change from the General Agreement on Tariffs and Trade (GATT)to the World Trade Organization (WTO)focused on?

In 2010, who acted as the lender of last resort for Greece?

Since its economy began to take off in the early 1980s, China has lifted approximately how many people out of poverty, largely through participation in the global economy?

The monetary system wherein little capital mobility occurred, stable exchange rates existed in order to facilitate trade, and the U.S. dollar was the primary currency to which all other currencies adjusted was known as the which of the following?

When a country is no longer willing or able to make the scheduled payments on its borrowed capital, this often develops into what is known as which of the following?

The process known as the "two-level game" highlights the interaction between which of the following?

Which of the following can be said of farmers in areas where land is scarce, such as Japan?

What were the objectives of the Bretton Woods system?

What factor undermined the gold standard immediately following World War I?

What is one reason why the General Agreement on Tariffs and Trade (GATT)dispute resolution mechanism was criticized by weaker and poorer countries?

Discuss the origins, components, and goals of the WTO. What is the WTO process for dispute resolution? Who does it most benefit? Whose concerns are not addressed?

Which member country of the European Union apparently came very close to defaulting on its debt?

Economic liberalization became a powerful ideology and sets of policies were enacted by many governments beginning in the late 1980s. What were these policies and what were their objectives? What have the implications of such policies been?

What is the reason that poorer countries are now playing a more prominent role in negotiations over world trade arrangements?

Supporters of globalization tend to fall into which theoretical camp?

Which domestic interest groups would benefit from preserving trade barriers and which groups would be hurt by those same barriers? How important are domestic interest groups in affecting international trade policy?

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

Fundamentals of International Political Economy

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