Question 1

The Trans-Pacific Partnership (TPP) was intended to

Accepted Answer

A)  help defray the long-term combined costs of the Vietnam War and the Great Society programs. 
B)  be the largest regional trade agreement in history focusing on trade barriers, issues related to intellectual property, and labor and environmental standards. 
C)  expand the economic clout of ASEAN. 
D)  reduce the effects of the Smithsonian Agreement. 
A)  help defray the long-term combined costs of the Vietnam War and the Great Society programs. 
B)  be the largest regional trade agreement in history focusing on trade barriers, issues related to intellectual property, and labor and environmental standards. 
C)  expand the economic clout of ASEAN. 
D)  reduce the effects of the Smithsonian Agreement.

Question 2

Developing states began criticizing _______ at the Summit of Non-Aligned Nations in Algiers in 1973.

Accepted Answer

A)  intergovernmental forum exclusivity 
B)  state partnership assemblies 
C)  Wallerstein's concept of world-system 
D)  the liberal economic order 
A)  intergovernmental forum exclusivity 
B)  state partnership assemblies 
C)  Wallerstein's concept of world-system 
D)  the liberal economic order

Question 3

How should states respond to the globalization of trade and finance? How should international organizations respond?

Accepted Answer

States should respond to the globalizati

Question 4

Many governments have actively lured externally based business by lowering corporate tax rates, _______, and relaxing labor and environmental standards.

Accepted Answer

A)  reducing restrictions on the repatriation of profits 
B)  increasing restrictions on the repatriation of profits 
C)  providing preferred housing to outsourcers 
D)  opting out of cartelized preference schemes 
A)  reducing restrictions on the repatriation of profits 
B)  increasing restrictions on the repatriation of profits 
C)  providing preferred housing to outsourcers 
D)  opting out of cartelized preference schemes

Question 5

What factors explain the uneven effects of globalization?

Accepted Answer

There are several factors that can expla

Question 6

Which is most powerful: states; transnational corporations (TNCs) and multinational corporations (MNCs); or global governance institutions? Why do you think this is the case?

Accepted Answer

The most powerful entity among states, t

Question 7

Mercantilism is most often associated with

Accepted Answer

A)  protectivism. 
B)  ethnonationalism. 
C)  protectionism and economic nationalism. 
D)  radical liberalism and Marxism. 
A)  protectivism. 
B)  ethnonationalism. 
C)  protectionism and economic nationalism. 
D)  radical liberalism and Marxism.

Question 8

Give three examples of connections that exemplify supraterritoriality.

Accepted Answer

1. Global supply chains: Many companies

Question 9

Select one of the major public global governance agencies for trade and finance (e.g., GATT/WTO, IMF, OECD) and outline its history and function. How does the agency you have chosen affect the global economy? Is it effective?

Accepted Answer

I have chosen the International Monetary

Question 10

One new avenue of liberalization adopted by the World Trade Organization (WTO) is

Accepted Answer

A)  the recreation of the GATT. 
B)  merging with regional trade organizations like the EU. 
C)  expansion into telecommunications management. 
D)  direct control over cross-border trade. 
A)  the recreation of the GATT. 
B)  merging with regional trade organizations like the EU. 
C)  expansion into telecommunications management. 
D)  direct control over cross-border trade.

Question 11

_______ is often connected with the concept of "economic liberalism" as a system of natural liberty.

Accepted Answer

A)  Lassiter Smith 
B)  Adam Smith 
C)  Milton Friedman 
D)  Lionel Hampton 
A)  Lassiter Smith 
B)  Adam Smith 
C)  Milton Friedman 
D)  Lionel Hampton

Question 12

What do the rise of offshore finance centers suggest for the future of state management of the economy?

Accepted Answer

The rise of offshore finance centers sug

Question 13

Regional frameworks like the European Union and North American Free Trade Agreement have removed (to varying degrees) _______ between participating countries.

Accepted Answer

A)  official restrictions on trade 
B)  trade socialism 
C)  labor activism 
D)  industrial favoritism 
A)  official restrictions on trade 
B)  trade socialism 
C)  labor activism 
D)  industrial favoritism

Question 14

In 1947, which organization became the forum for negotiations on trade liberalization?

Accepted Answer

A)  World Bank 
B)  GATT 
C)  WTO 
D)  IBRD 
A)  World Bank 
B)  GATT 
C)  WTO 
D)  IBRD

Question 15

Most firms involved in global trade and finance have kept a _______ board of directors.

Accepted Answer

A)  non-national 
B)  mononational 
C)  hypernational 
D)  dual-national 
A)  non-national 
B)  mononational 
C)  hypernational 
D)  dual-national

Question 16

The counterpart the to the Marshall Plan was called _______ and provided _______ for Japanese reconstruction.

Accepted Answer

A)  the Dodge Line; high interest loans 
B)  Regime-dominant functionality; men for labor 
C)  the IMF SAP programs; free equipment 
D)  the Dodge Line; grants 
A)  the Dodge Line; high interest loans 
B)  Regime-dominant functionality; men for labor 
C)  the IMF SAP programs; free equipment 
D)  the Dodge Line; grants

Question 17

In _______, the United States ended the system of _______ exchange rates based on the convertibility of the US dollar to $35 per ounce of gold.

Accepted Answer

A)  1962; fixed 
B)  1969; arbitrary 
C)  1971; floating 
D)  1971; fixed 
A)  1962; fixed 
B)  1969; arbitrary 
C)  1971; floating 
D)  1971; fixed

Question 18

What are some negative results associated with globalization?

Accepted Answer

Globalization has led to several negativ

Question 19

Which organization shifted its focus from reconstruction to development in 1947?

Accepted Answer

A)  World Bank 
B)  International Monetary Fund 
C)  World Trade Organization 
D)  United Nations Security Council 
A)  World Bank 
B)  International Monetary Fund 
C)  World Trade Organization 
D)  United Nations Security Council

Question 20

Protectionism includes which of the following strategies for enhancing a state's economic standing?

Accepted Answer

A)  Lowering of trade barriers 
B)  Providing military protection for offshore extraction of fossil fuels 
C)  Imposing tariffs on imports 
D)  Enhanced cooperation with cross-border trade organizations 
A)  Lowering of trade barriers 
B)  Providing military protection for offshore extraction of fossil fuels 
C)  Imposing tariffs on imports 
D)  Enhanced cooperation with cross-border trade organizations

The Trans-Pacific Partnership (TPP) was intended to

Developing states began criticizing _______ at the Summit of Non-Aligned Nations in Algiers in 1973.

How should states respond to the globalization of trade and finance? How should international organizations respond?

Many governments have actively lured externally based business by lowering corporate tax rates, _______, and relaxing labor and environmental standards.

What factors explain the uneven effects of globalization?

Which is most powerful: states; transnational corporations (TNCs) and multinational corporations (MNCs); or global governance institutions? Why do you think this is the case?

Mercantilism is most often associated with

Give three examples of connections that exemplify supraterritoriality.

Select one of the major public global governance agencies for trade and finance (e.g., GATT/WTO, IMF, OECD) and outline its history and function. How does the agency you have chosen affect the global economy? Is it effective?

One new avenue of liberalization adopted by the World Trade Organization (WTO) is

_______ is often connected with the concept of "economic liberalism" as a system of natural liberty.

What do the rise of offshore finance centers suggest for the future of state management of the economy?

Regional frameworks like the European Union and North American Free Trade Agreement have removed (to varying degrees) _______ between participating countries.

In 1947, which organization became the forum for negotiations on trade liberalization?

Most firms involved in global trade and finance have kept a _______ board of directors.

The counterpart the to the Marshall Plan was called _ and provided _ for Japanese reconstruction.

In _, the United States ended the system of _ exchange rates based on the convertibility of the US dollar to $35 per ounce of gold.

What are some negative results associated with globalization?

Which organization shifted its focus from reconstruction to development in 1947?

Protectionism includes which of the following strategies for enhancing a state's economic standing?

Introduction to Global Politics

The Evolution of Global Politics

Realism, Liberalism, and Critical Theories

Making Foreign Policy

Global and Regional Governance

Global Security, Military Power, and Terrorism

Human Rights and Human Security

Poverty, Development, and Hunger

Environmental Issues

Filters

Exam 8: Global Trade and Finance

The Trans-Pacific Partnership (TPP) was intended to

Developing states began criticizing _______ at the Summit of Non-Aligned Nations in Algiers in 1973.

How should states respond to the globalization of trade and finance? How should international organizations respond?

Many governments have actively lured externally based business by lowering corporate tax rates, _______, and relaxing labor and environmental standards.

What factors explain the uneven effects of globalization?

Which is most powerful: states; transnational corporations (TNCs) and multinational corporations (MNCs); or global governance institutions? Why do you think this is the case?

Mercantilism is most often associated with

Give three examples of connections that exemplify supraterritoriality.

Select one of the major public global governance agencies for trade and finance (e.g., GATT/WTO, IMF, OECD) and outline its history and function. How does the agency you have chosen affect the global economy? Is it effective?

One new avenue of liberalization adopted by the World Trade Organization (WTO) is

_______ is often connected with the concept of "economic liberalism" as a system of natural liberty.

What do the rise of offshore finance centers suggest for the future of state management of the economy?

Regional frameworks like the European Union and North American Free Trade Agreement have removed (to varying degrees) _______ between participating countries.

In 1947, which organization became the forum for negotiations on trade liberalization?

Most firms involved in global trade and finance have kept a _______ board of directors.

The counterpart the to the Marshall Plan was called _______ and provided _______ for Japanese reconstruction.

In _______, the United States ended the system of _______ exchange rates based on the convertibility of the US dollar to $35 per ounce of gold.

What are some negative results associated with globalization?

Which organization shifted its focus from reconstruction to development in 1947?

Protectionism includes which of the following strategies for enhancing a state's economic standing?

Introduction to Global Politics

The Evolution of Global Politics

Realism, Liberalism, and Critical Theories

Making Foreign Policy

Global and Regional Governance

Global Security, Military Power, and Terrorism

Human Rights and Human Security

Poverty, Development, and Hunger

Environmental Issues

Filters

The counterpart the to the Marshall Plan was called _ and provided _ for Japanese reconstruction.

In _, the United States ended the system of _ exchange rates based on the convertibility of the US dollar to $35 per ounce of gold.