Question 1

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 2

The fundamental goal of protectionism is to

Accepted Answer

A)  protect domestic producers against competition from foreign firms. 
B)  bring about a balance of trade deficit. 
C)  weaken the national currency. 
D)  promote greater integration into the global economy. 
A)  protect domestic producers against competition from foreign firms. 
B)  bring about a balance of trade deficit. 
C)  weaken the national currency. 
D)  promote greater integration into the global economy.

Question 3

International political economy can be defined as

Accepted Answer

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

Question 4

Embedded liberalism refers to the dilemma in which

Accepted Answer

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

Question 5

When the trade balance is zero,

Accepted Answer

A)  it means that no foreign countries wish to purchase your exports. 
B)  your country is exporting more than it is importing. 
C)  the economy is importing exactly as much as it exports. 
D)  countries that owe you money for your exports still need to pay up. 
A)  it means that no foreign countries wish to purchase your exports. 
B)  your country is exporting more than it is importing. 
C)  the economy is importing exactly as much as it exports. 
D)  countries that owe you money for your exports still need to pay up.

Question 6

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 7

Which of the following was not a policy followed by Roosevelt to deal with the Great Depression?

Accepted Answer

A)  Passage of the Smoot-Hawley Tariff Act 
B)  Borrowing vast sums of money and spending it on public works projects 
C)  Introduction of the Social Security system 
D)  Increasing the powers of the labor unions in America 
A)  Passage of the Smoot-Hawley Tariff Act 
B)  Borrowing vast sums of money and spending it on public works projects 
C)  Introduction of the Social Security system 
D)  Increasing the powers of the labor unions in America

Question 8

A key difference between the constructivist approach to international political economy and that of the other theories is its assumption that

Accepted Answer

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

Question 9

A subsidy is a

Accepted Answer

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

Question 10

In contrast to the liberal emphasis on cooperation, realism highlights the situation in which one side can gain only at the expense of another. This relationship is called

Accepted Answer

A)  rational action. 
B)  comparative advantage. 
C)  zero-sum game. 
D)  positive-sum game. 
A)  rational action. 
B)  comparative advantage. 
C)  zero-sum game. 
D)  positive-sum game.

Question 11

What kind of a foreign exchange condition occurs when the domestic producer benefits, but the foreign exporter is hurt?

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 12

The theory of comparative advantage illustrates that specialization can lead to

Accepted Answer

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

Question 13

China's economy has grown by what factor each year since 1980?

Accepted Answer

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

Question 14

How does currency manipulation hurt the international economic system? If a certain country is engaged in competitive devaluation, what problems might that imply for their foreign trading partners? How might this currency manipulation also hurt the domestic market?

Accepted Answer

Currency manipulation can hurt the inter

Question 15

Quotas hurt __________ and help __________.

Accepted Answer

A)  domestic producers; consumers 
B)  consumers; domestic producers 
C)  government; producers in other countries 
D)  domestic producers; increase innovation 
A)  domestic producers; consumers 
B)  consumers; domestic producers 
C)  government; producers in other countries 
D)  domestic producers; increase innovation

Question 16

In economic terms, the balance of trade is

Accepted Answer

A)  total exports plus total imports. 
B)  total imports minus total exports. 
C)  total imports plus total exports. 
D)  total exports minus total imports. 
A)  total exports plus total imports. 
B)  total imports minus total exports. 
C)  total imports plus total exports. 
D)  total exports minus total imports.

Question 17

In a country with a trade surplus,

Accepted Answer

A)  there will be higher prices. 
B)  there will be lower prices. 
C)  the economy will be damaged. 
D)  there will be increased employment and higher wages. 
A)  there will be higher prices. 
B)  there will be lower prices. 
C)  the economy will be damaged. 
D)  there will be increased employment and higher wages.

Question 18

In contrast to the liberal view in which economic inequalities between wealthy and poor states will lessen over time, economic structuralists argue that

Accepted Answer

A)  the gap in wealth will increase until there is a rise in trade and then the gap will decrease. 
B)  this inequality is a result of the balance of power. 
C)  this economic disparity will widen over time. 
D)  the gap in wealth is only temporary. 
A)  the gap in wealth will increase until there is a rise in trade and then the gap will decrease. 
B)  this inequality is a result of the balance of power. 
C)  this economic disparity will widen over time. 
D)  the gap in wealth is only temporary.

Question 19

Economic structuralism and liberalism agree that

Accepted Answer

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

Question 20

Realist analysis of IPE deals with the interests of

Accepted Answer

A)  the individual, and not with the interests of corporations within a country. 
B)  the state, 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, 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.

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

The fundamental goal of protectionism is to

International political economy can be defined as

Embedded liberalism refers to the dilemma in which

When the trade balance is zero,

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?

Which of the following was not a policy followed by Roosevelt to deal with the Great Depression?

A key difference between the constructivist approach to international political economy and that of the other theories is its assumption that

A subsidy is a

In contrast to the liberal emphasis on cooperation, realism highlights the situation in which one side can gain only at the expense of another. This relationship is called

What kind of a foreign exchange condition occurs when the domestic producer benefits, but the foreign exporter is hurt?

The theory of comparative advantage illustrates that specialization can lead to

China's economy has grown by what factor each year since 1980?

How does currency manipulation hurt the international economic system? If a certain country is engaged in competitive devaluation, what problems might that imply for their foreign trading partners? How might this currency manipulation also hurt the domestic market?

Quotas hurt and help .

In economic terms, the balance of trade is

In a country with a trade surplus,

In contrast to the liberal view in which economic inequalities between wealthy and poor states will lessen over time, economic structuralists argue that

Economic structuralism and liberalism agree that

Realist analysis of IPE deals with the interests of

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

The fundamental goal of protectionism is to

International political economy can be defined as

Embedded liberalism refers to the dilemma in which

When the trade balance is zero,

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?

Which of the following was not a policy followed by Roosevelt to deal with the Great Depression?

A key difference between the constructivist approach to international political economy and that of the other theories is its assumption that

A subsidy is a

In contrast to the liberal emphasis on cooperation, realism highlights the situation in which one side can gain only at the expense of another. This relationship is called

What kind of a foreign exchange condition occurs when the domestic producer benefits, but the foreign exporter is hurt?

The theory of comparative advantage illustrates that specialization can lead to

China's economy has grown by what factor each year since 1980?

How does currency manipulation hurt the international economic system? If a certain country is engaged in competitive devaluation, what problems might that imply for their foreign trading partners? How might this currency manipulation also hurt the domestic market?

Quotas hurt __________ and help __________.

In economic terms, the balance of trade is

In a country with a trade surplus,

In contrast to the liberal view in which economic inequalities between wealthy and poor states will lessen over time, economic structuralists argue that

Economic structuralism and liberalism agree that

Realist analysis of IPE deals with the interests of

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

Quotas hurt and help .