Question 1

The current international monetary system consists of

Accepted Answer

A)  capital mobility, domestic monetary autonomy, and floating exchange rates. 
B)  capital mobility, fixed exchange rates, and restricted trade. 
C)  domestic monetary autonomy, fixed exchange rates, and restricted currency flows. 
D)  domestic monetary autonomy, floating exchange rates, and limited capital flows. 
A)  capital mobility, domestic monetary autonomy, and floating exchange rates. 
B)  capital mobility, fixed exchange rates, and restricted trade. 
C)  domestic monetary autonomy, fixed exchange rates, and restricted currency flows. 
D)  domestic monetary autonomy, floating exchange rates, and limited capital flows.

Question 2

In much of the Third World, where labor is plentiful, labor and industries that rely on abundant labor

Accepted Answer

A)  support free trade. 
B)  oppose free trade. 
C)  do not have an opinion regarding free trade. 
D)  support free trade with limited protectionist measures. 
A)  support free trade. 
B)  oppose free trade. 
C)  do not have an opinion regarding free trade. 
D)  support free trade with limited protectionist measures.

Question 3

When called in to help with a monetary crisis, the IMF puts the responsibility usually on

Accepted Answer

A)  the lender country. 
B)  the borrowing country. 
C)  multinational corporations. 
D)  the U.S. government. 
A)  the lender country. 
B)  the borrowing country. 
C)  multinational corporations. 
D)  the U.S. government.

Question 4

How did the General Agreement on Tariffs and Trade (GATT) function and in what way was it successful? Why was it replaced by the World Trade Organization?

Accepted Answer

The General Agreement on Tariffs and Tra

Question 5

The first step in the World Trade Organization (WTO) dispute settlement process is

Accepted Answer

A)  debate. 
B)  discussion. 
C)  consultation. 
D)  preparation. 
A)  debate. 
B)  discussion. 
C)  consultation. 
D)  preparation.

Question 6

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 7

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 8

Many fear that globalization has forced countries to make all kinds of concessions to corporations in order to attract investment. This is called

Accepted Answer

A)  protectionism. 
B)  the race to the bottom. 
C)  economic structuralism. 
D)  portfolio investment. 
A)  protectionism. 
B)  the race to the bottom. 
C)  economic structuralism. 
D)  portfolio investment.

Question 9

What percentage of American university students studied abroad during 2009-2010?

Accepted Answer

A)  35 percent 
B)  20 percent 
C)  10 percent 
D)  1 percent 
A)  35 percent 
B)  20 percent 
C)  10 percent 
D)  1 percent

Question 10

The Bretton Woods system consisted of all of the following features except

Accepted Answer

A)  a floating exchange rate. 
B)  the U.S. dollar fixed to gold. 
C)  the price of other currencies fixed to the dollar. 
D)  limits on the flow of capital. 
A)  a floating exchange rate. 
B)  the U.S. dollar fixed to gold. 
C)  the price of other currencies fixed to the dollar. 
D)  limits on the flow of capital.

Question 11

__________ 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)  Embedded liberalism 
C)  Trade equality 
D)  Non-discrimination 
A)  Reciprocity 
B)  Embedded liberalism 
C)  Trade equality 
D)  Non-discrimination

Question 12

In economics, a decline in output of less than __________ is referred to as a recession ; a deeper contraction is called a depression .

Accepted Answer

A)  5 percent 
B)  10 percent 
C)  20 percent 
D)  25 percent 
A)  5 percent 
B)  10 percent 
C)  20 percent 
D)  25 percent

Question 13

The General Agreement on Tariffs and Trade (GATT) dispute resolution mechanism was criticized by weaker and poorer countries for all of the following reasons except

Accepted Answer

A)  the United States enacting of high tariffs on goods from poor nations. 
B)  the dispute resolution process was too slow. 
C)  the dispute mechanism did not contain strong enforcement measures. 
D)  weaker countries were forced by the United States to accept certain decisions. 
A)  the United States enacting of high tariffs on goods from poor nations. 
B)  the dispute resolution process was too slow. 
C)  the dispute mechanism did not contain strong enforcement measures. 
D)  weaker countries were forced by the United States to accept certain decisions.

Question 14

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

Accepted Answer

A)  Fair trade 
B)  Outsourcing 
C)  Embedded liberalism 
D)  Welfare economics 
A)  Fair trade 
B)  Outsourcing 
C)  Embedded liberalism 
D)  Welfare economics

Question 15

The objectives of the Bretton Woods system were to

Accepted Answer

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

Question 16

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 17

According to some scholars, the most important trade policy that will affect third world development is the

Accepted Answer

A)  rise of nontariff barriers. 
B)  expansion of the service industry in the developing world. 
C)  reduction of the level of tariffs. 
D)  reduction of agricultural subsidies by wealthy states. 
A)  rise of nontariff barriers. 
B)  expansion of the service industry in the developing world. 
C)  reduction of the level of tariffs. 
D)  reduction of agricultural subsidies by wealthy states.

Question 18

The primary benefit derived from the gold standard was

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 19

The one global group that does not play a significant role in trade politics is

Accepted Answer

A)  manufacturers. 
B)  consumers. 
C)  workers. 
D)  environmentalists. 
A)  manufacturers. 
B)  consumers. 
C)  workers. 
D)  environmentalists.

Question 20

States traditionally seek to achieve three goals concerning international monetary policy. Which of the following is not one of those goals?

Accepted Answer

A)  Predictability of exchange rates 
B)  Free flow of capital 
C)  Regulation of monetary policy through international organizations 
D)  Autonomous domestic monetary policy 
A)  Predictability of exchange rates 
B)  Free flow of capital 
C)  Regulation of monetary policy through international organizations 
D)  Autonomous domestic monetary policy

The current international monetary system consists of

In much of the Third World, where labor is plentiful, labor and industries that rely on abundant labor

When called in to help with a monetary crisis, the IMF puts the responsibility usually on

How did the General Agreement on Tariffs and Trade (GATT) function and in what way was it successful? Why was it replaced by the World Trade Organization?

The first step in the World Trade Organization (WTO) dispute settlement process is

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.

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

Many fear that globalization has forced countries to make all kinds of concessions to corporations in order to attract investment. This is called

What percentage of American university students studied abroad during 2009-2010?

The Bretton Woods system consisted of all of the following features except

__________ describes the agreement that one state's tariffs on goods would be the same as its trading partner's tariff.

In economics, a decline in output of less than __________ is referred to as a recession ; a deeper contraction is called a depression .

The General Agreement on Tariffs and Trade (GATT) dispute resolution mechanism was criticized by weaker and poorer countries for all of the following reasons except

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

The objectives of the Bretton Woods system were to

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

According to some scholars, the most important trade policy that will affect third world development is the

The primary benefit derived from the gold standard was

The one global group that does not play a significant role in trade politics is

States traditionally seek to achieve three goals concerning international monetary policy. Which of the following is not one of those goals?

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

The current international monetary system consists of

In much of the Third World, where labor is plentiful, labor and industries that rely on abundant labor

When called in to help with a monetary crisis, the IMF puts the responsibility usually on

How did the General Agreement on Tariffs and Trade (GATT) function and in what way was it successful? Why was it replaced by the World Trade Organization?

The first step in the World Trade Organization (WTO) dispute settlement process is

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.

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

Many fear that globalization has forced countries to make all kinds of concessions to corporations in order to attract investment. This is called

What percentage of American university students studied abroad during 2009-2010?

The Bretton Woods system consisted of all of the following features except

__________ describes the agreement that one state's tariffs on goods would be the same as its trading partner's tariff.

In economics, a decline in output of less than __________ is referred to as a recession ; a deeper contraction is called a depression .

The General Agreement on Tariffs and Trade (GATT) dispute resolution mechanism was criticized by weaker and poorer countries for all of the following reasons except

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

The objectives of the Bretton Woods system were to

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

According to some scholars, the most important trade policy that will affect third world development is the

The primary benefit derived from the gold standard was

The one global group that does not play a significant role in trade politics is

States traditionally seek to achieve three goals concerning international monetary policy. Which of the following is not one of those goals?

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