Question 1

The least globalized nations also tend to be the

Accepted Answer

A)  largest in economic size. 
B)  richest and most powerful. 
C)  least developed and most autocratic. 
D)  smallest and most dependent on trade. 
A)  largest in economic size. 
B)  richest and most powerful. 
C)  least developed and most autocratic. 
D)  smallest and most dependent on trade.

Question 2

Most of the fiscal crises in the past thirty years have occurred in Global North rather than the Global South due to their more sophisticated financial systems.

Accepted Answer

A) True 
 B)False

Question 3

The financial crisis of 2008 was caused solely by irresponsible lending by mortgage bankers.

Accepted Answer

A) True 
 B)False

Question 4

The pooling of sovereignty to create a common currency and a single monetary system for members in a region is a(n) _____ .

Accepted Answer

A)  trade pact 
B)  regional currency union 
C)  international monetary system 
D)  floating exchange rate 
A)  trade pact 
B)  regional currency union 
C)  international monetary system 
D)  floating exchange rate

Question 5

Which of the following is NOT a reason that the states involved in Bretton Woods were able to come to such a far-reaching level of agreement?

Accepted Answer

A)  There were only a few states involved, making agreement easier. 
B)  The states involved shared a common currency and domestic economic strategy. 
C)  The United States and Britain were able to compromise between their contrasting ideologies. 
D)  The United States was willing to assume the burden of hegemonic leadership. 
A)  There were only a few states involved, making agreement easier. 
B)  The states involved shared a common currency and domestic economic strategy. 
C)  The United States and Britain were able to compromise between their contrasting ideologies. 
D)  The United States was willing to assume the burden of hegemonic leadership.

Question 6

Which of the following is NOT an example of the way states' economies have become more closely linked through globalization?

Accepted Answer

A)  A U. S. government shutdown closing national parks and museums 
B)  U. S. bond purchases by Chinese investors 
C)  Financial crises in the United States creating turbulence in world markets 
D)  Revolutions in the Middle East causing world oil price increases 
A)  A U. S. government shutdown closing national parks and museums 
B)  U. S. bond purchases by Chinese investors 
C)  Financial crises in the United States creating turbulence in world markets 
D)  Revolutions in the Middle East causing world oil price increases

Question 7

Greece has dealt with debt issues for years while simultaneously suffering from a stagnant, lagging economy.  Some argue that Greece must slash spending and enact severe austerity measures.  Others argue that these measures will make Greece's economy even worse by increasing unemployment.  Explain both sides of this argument. Which do you agree with? Why?

Accepted Answer

High debt levels have been endemic in ma

Question 8

Even in a world with floating exchange rates, states have some ability to control the value of their currency.  What is an advantage of having a weak currency?

Accepted Answer

A)  Exporting industries benefit from a weak currency as their goods are cheaper for foreigners to purchase. 
B)  Traveling citizens benefit from a weak currency as they can purchase more goods abroad. 
C)  Consumers benefit from a weak currency as they can afford to buy more imports. 
D)  There are no advantages to a weak currency. 
A)  Exporting industries benefit from a weak currency as their goods are cheaper for foreigners to purchase. 
B)  Traveling citizens benefit from a weak currency as they can purchase more goods abroad. 
C)  Consumers benefit from a weak currency as they can afford to buy more imports. 
D)  There are no advantages to a weak currency.

Question 9

The dominant economic approach during the Bretton Woods system, which combined open international markets with domestic state intervention to attain such goals as full employment and social welfare is called _____.

Accepted Answer

A)  mercantilism 
B)  commercial liberalism 
C)  fixed exchange rates 
D)  embedded liberalism 
A)  mercantilism 
B)  commercial liberalism 
C)  fixed exchange rates 
D)  embedded liberalism

Question 10

Commercial liberalism is an economic philosophy that advocates free markets, open trade, and free-flowing capital.

Accepted Answer

A) True 
 B)False

The least globalized nations also tend to be the

Most of the fiscal crises in the past thirty years have occurred in Global North rather than the Global South due to their more sophisticated financial systems.

The financial crisis of 2008 was caused solely by irresponsible lending by mortgage bankers.

The pooling of sovereignty to create a common currency and a single monetary system for members in a region is a(n) _____ .

Which of the following is NOT a reason that the states involved in Bretton Woods were able to come to such a far-reaching level of agreement?

Which of the following is NOT an example of the way states' economies have become more closely linked through globalization?

Even in a world with floating exchange rates, states have some ability to control the value of their currency. What is an advantage of having a weak currency?

The dominant economic approach during the Bretton Woods system, which combined open international markets with domestic state intervention to attain such goals as full employment and social welfare is called _____.

Commercial liberalism is an economic philosophy that advocates free markets, open trade, and free-flowing capital.

Discovering World Politics

Interpreting World Politics Through the Lens of Theory

Theories of International Decision Making

Great Power Relations and Rivalries

World Politics and the Global South

Nonstate Actors and the Quest for Global Community

The Threat of Armed Conflict to the World

The Pursuit of Power Through Arms and Alliances

The Quest for Peace Through International Law and Collective Security

International Trade in the Global Marketplace

The Demographic and Cultural Dimensions of Globalization

The Promotion of Human Development and Human Rights

Global Responsibility for the Preservation of the Environment

Looking Ahead at Global Trends and Transformations

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Exam 10: The Globalization of International Finance

The least globalized nations also tend to be the

Most of the fiscal crises in the past thirty years have occurred in Global North rather than the Global South due to their more sophisticated financial systems.

The financial crisis of 2008 was caused solely by irresponsible lending by mortgage bankers.

The pooling of sovereignty to create a common currency and a single monetary system for members in a region is a(n) _____ .

Which of the following is NOT a reason that the states involved in Bretton Woods were able to come to such a far-reaching level of agreement?

Which of the following is NOT an example of the way states' economies have become more closely linked through globalization?

Even in a world with floating exchange rates, states have some ability to control the value of their currency. What is an advantage of having a weak currency?

The dominant economic approach during the Bretton Woods system, which combined open international markets with domestic state intervention to attain such goals as full employment and social welfare is called _____.

Commercial liberalism is an economic philosophy that advocates free markets, open trade, and free-flowing capital.

Discovering World Politics

Interpreting World Politics Through the Lens of Theory

Theories of International Decision Making

Great Power Relations and Rivalries

World Politics and the Global South

Nonstate Actors and the Quest for Global Community

The Threat of Armed Conflict to the World

The Pursuit of Power Through Arms and Alliances

The Quest for Peace Through International Law and Collective Security

International Trade in the Global Marketplace

The Demographic and Cultural Dimensions of Globalization

The Promotion of Human Development and Human Rights

Global Responsibility for the Preservation of the Environment

Looking Ahead at Global Trends and Transformations

Filters