Question 1

What term describes the agreement that one state's tariffs on goods would be the same as its trading partner's tariff?

Accepted Answer

A) Reciprocity 
B) Globalization 
C) Trade equality 
D) Nondiscrimination 
A) Reciprocity 
B) Globalization 
C) Trade equality 
D) Nondiscrimination

Question 2

What was the primary benefit derived from the gold standard?

Accepted Answer

A) Domestic monetary autonomy 
B) Capital mobility 
C) Stability 
D) A rise in global income 
A) Domestic monetary autonomy 
B) Capital mobility 
C) Stability 
D) A rise in global income

Question 3

What is the goal of the World Trade Organization (WTO)dispute settlement process?

Accepted Answer

A) To punish the offending member 
B) To determine right and wrong 
C) To mediate conflict 
D) To enforce American economic values and enhance the economic position of the United States in the world 
A) To punish the offending member 
B) To determine right and wrong 
C) To mediate conflict 
D) To enforce American economic values and enhance the economic position of the United States in the world

Question 4

Which concept is described as a compromise between economic liberalism and state intervention?

Accepted Answer

A) Fair trade 
B) Economic structuralism 
C) Embedded liberalism 
D) Mutuality 
A) Fair trade 
B) Economic structuralism 
C) Embedded liberalism 
D) Mutuality

Question 5

Discuss the origins, components, and purposes of the Bretton Woods system, particularly as it relates to trade and monetary policies. Why did the Bretton Woods monetary regime give way to a system of floating exchange rates in the 1970s and 1980s?

Accepted Answer

The Bretton Woods system was established

Question 6

What do trends indicate about the relationship between states and globalization?

Accepted Answer

A) States have lost control over globalization. 
B) Globalization is slowing down, so we see the resurgence of state significance. 
C) States still control whether to decrease barriers to commerce, indicating that globalization is at the whim of state power. 
D) Any state that retreats from globalization will find that it is difficult, but well worth it. 
A) States have lost control over globalization. 
B) Globalization is slowing down, so we see the resurgence of state significance. 
C) States still control whether to decrease barriers to commerce, indicating that globalization is at the whim of state power. 
D) Any state that retreats from globalization will find that it is difficult, but well worth it.

Question 7

Does globalization mainly aid the poor or the rich in the world? Examine the merits of various perspectives on this question and indicate your own views on the existing evidence.

Accepted Answer

Globalization is a complex and multiface

Question 8

Which of the following reasons does not explain Greece's difficulty in financing its debt?

Accepted Answer

A) Greece's abandoning of the euro in exchange for the drachma 
B) The global recession 
C) Higher interest rates 
D) High levels of borrowing 
A) Greece's abandoning of the euro in exchange for the drachma 
B) The global recession 
C) Higher interest rates 
D) High levels of borrowing

Question 9

What is a quota?

Accepted Answer

A) A qualitative limit on the kind of imported goods 
B) A quantitative limit on the number of imported goods 
C) A quantitative limit on the number of exported goods 
D) A qualitative limit on the kind of exported goods 
A) A qualitative limit on the kind of imported goods 
B) A quantitative limit on the number of imported goods 
C) A quantitative limit on the number of exported goods 
D) A qualitative limit on the kind of exported goods

Question 10

What does the most favored nation principle mean?

Accepted Answer

A) That one nation is selected to benefit the most from free trade 
B) That if a state lowers a tariff toward one General Agreement on Tariffs and Trade (GATT)member, it is obliged to give all members the same low tariff 
C) That regional trading partners are given favorable trading terms 
D) That the GATT ensures that one country receives preferential trade treatment 
A) That one nation is selected to benefit the most from free trade 
B) That if a state lowers a tariff toward one General Agreement on Tariffs and Trade (GATT)member, it is obliged to give all members the same low tariff 
C) That regional trading partners are given favorable trading terms 
D) That the GATT ensures that one country receives preferential trade treatment

What term describes the agreement that one state's tariffs on goods would be the same as its trading partner's tariff?

What was the primary benefit derived from the gold standard?

What is the goal of the World Trade Organization (WTO)dispute settlement process?

Which concept is described as a compromise between economic liberalism and state intervention?

Discuss the origins, components, and purposes of the Bretton Woods system, particularly as it relates to trade and monetary policies. Why did the Bretton Woods monetary regime give way to a system of floating exchange rates in the 1970s and 1980s?

What do trends indicate about the relationship between states and globalization?

Does globalization mainly aid the poor or the rich in the world? Examine the merits of various perspectives on this question and indicate your own views on the existing evidence.

Which of the following reasons does not explain Greece's difficulty in financing its debt?

What is a quota?

What does the most favored nation principle mean?

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

What term describes the agreement that one state's tariffs on goods would be the same as its trading partner's tariff?

What was the primary benefit derived from the gold standard?

What is the goal of the World Trade Organization (WTO)dispute settlement process?

Which concept is described as a compromise between economic liberalism and state intervention?

Discuss the origins, components, and purposes of the Bretton Woods system, particularly as it relates to trade and monetary policies. Why did the Bretton Woods monetary regime give way to a system of floating exchange rates in the 1970s and 1980s?

What do trends indicate about the relationship between states and globalization?

Does globalization mainly aid the poor or the rich in the world? Examine the merits of various perspectives on this question and indicate your own views on the existing evidence.

Which of the following reasons does not explain Greece's difficulty in financing its debt?

What is a quota?

What does the most favored nation principle mean?

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