Question 1

The investment by purchasing stocks rather than physical assets is known as

Accepted Answer

A)  direct foreign investment. 
B)  global capital mobility. 
C)  international currency market. 
D)  cross-border portfolio investment. 
A)  direct foreign investment. 
B)  global capital mobility. 
C)  international currency market. 
D)  cross-border portfolio investment.

Question 2

When a country no longer is willing or able to make the scheduled payments on its borrowed capital, this often develops into what is known as a

Accepted Answer

A)  lender of last resort condition. 
B)  debt crisis. 
C)  fluctuating condition in the national currency. 
D)  decline in global capital mobility. 
A)  lender of last resort condition. 
B)  debt crisis. 
C)  fluctuating condition in the national currency. 
D)  decline in global capital mobility.

Question 3

Why does the text argue that states have lost control over globalization?

Accepted Answer

The text likely argues that states have

Question 4

According to the U.S. Federal Reserve System, trade barriers

Accepted Answer

A)  effectively protect jobs with little downside cost to the American consumer. 
B)  may save U.S. jobs, but are very costly to the consumer and taxpayer. 
C)  are more effective if the target market uses nontariff barriers. 
D)  usually help out the target country's balance of trade and current account standing. 
A)  effectively protect jobs with little downside cost to the American consumer. 
B)  may save U.S. jobs, but are very costly to the consumer and taxpayer. 
C)  are more effective if the target market uses nontariff barriers. 
D)  usually help out the target country's balance of trade and current account standing.

Question 5

Supporters of globalization tend to fall into which theoretical camp?

Accepted Answer

A)  Economic structuralism 
B)  Realism 
C)  Liberalism 
D)  Constructivism 
A)  Economic structuralism 
B)  Realism 
C)  Liberalism 
D)  Constructivism

Question 6

The process known as the "two-level game" highlights the interaction between

Accepted Answer

A)  the individual level and the state level. 
B)  international partners and domestic constituents. 
C)  the state level and the international level. 
D)  the level of perception and the level of the system. 
A)  the individual level and the state level. 
B)  international partners and domestic constituents. 
C)  the state level and the international level. 
D)  the level of perception and the level of the system.

Question 7

Discuss the key aspects of globalization. How important is each as a means to explain globalization? In what practical ways has globalization impacted your daily life?

Accepted Answer

Globalization is a complex and multiface

Question 8

In 2010, who acted as the lender of last resort for Greece?

Accepted Answer

A)  The European Union, but primarily Germany 
B)  The United Kingdom 
C)  The United States 
D)  The World Bank 
A)  The European Union, but primarily Germany 
B)  The United Kingdom 
C)  The United States 
D)  The World Bank

Question 9

One major problem of the General Agreement on Tariffs and Trade (GATT) was the exclusion of certain classes of products. One of the most significant classes of product originally excluded from GATT was

Accepted Answer

A)  agricultural. 
B)  manufactured. 
C)  automotive. 
D)  pharmaceuticals. 
A)  agricultural. 
B)  manufactured. 
C)  automotive. 
D)  pharmaceuticals.

Question 10

The dollar overhang concept refers to the situation when

Accepted Answer

A)  the number of dollars held in foreign hands grew much faster than the supply of gold backing them. 
B)  the U.S. government controlled most of the dollars in circulation. 
C)  a large amount of dollars were being held by the International Monetary Fund. 
D)  countries were redeeming the dollar for gold at the set price of $35 per ounce. 
A)  the number of dollars held in foreign hands grew much faster than the supply of gold backing them. 
B)  the U.S. government controlled most of the dollars in circulation. 
C)  a large amount of dollars were being held by the International Monetary Fund. 
D)  countries were redeeming the dollar for gold at the set price of $35 per ounce.

Question 11

According to the text, under globalization comparative advantage is based not in natural resource endowments but in

Accepted Answer

A)  the strength of the military. 
B)  the combined abilities of states working within international financial institutions. 
C)  the accumulation of large amounts of capital. 
D)  factors of technology, education, and network effects. 
A)  the strength of the military. 
B)  the combined abilities of states working within international financial institutions. 
C)  the accumulation of large amounts of capital. 
D)  factors of technology, education, and network effects.

Question 12

Which of the following statements is/are true?

Accepted Answer

A)  For most countries, foreign trade is growing much faster than the domestic economy. 
B)  The portion of each country's economy that is either sold as exports or bought as imports is decreasing. 
C)  Domestic economies in most of the world are growing faster than foreign trade. 
D)  None of the above is true. 
A)  For most countries, foreign trade is growing much faster than the domestic economy. 
B)  The portion of each country's economy that is either sold as exports or bought as imports is decreasing. 
C)  Domestic economies in most of the world are growing faster than foreign trade. 
D)  None of the above is true.

Question 13

An important conclusion in this chapter focuses on the changes in power and control by the state. This conclusion can be summed up as

Accepted Answer

A)  the state's loss of control over globalization. 
B)  the regaining of control by the state over globalization. 
C)  the ability of the state to assert itself through market barriers. 
D)  an uneasy truce between the forces of globalization and the state. 
A)  the state's loss of control over globalization. 
B)  the regaining of control by the state over globalization. 
C)  the ability of the state to assert itself through market barriers. 
D)  an uneasy truce between the forces of globalization and the state.

Question 14

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 15

Which U.S. President took the United States off the gold standard?

Accepted Answer

A)  Nixon 
B)  Ford 
C)  Carter 
D)  Eisenhower 
A)  Nixon 
B)  Ford 
C)  Carter 
D)  Eisenhower

Question 16

How did the Greek crisis spread to the rest of Europe?

Accepted Answer

A)  Through the fear that other states may also be unable to pay their debts 
B)  Because of arbitrage and capital mobility 
C)  Because many banks that were owed monies by Greek businesses were headquartered in other European states 
D)  Both options A and C are true. 
A)  Through the fear that other states may also be unable to pay their debts 
B)  Because of arbitrage and capital mobility 
C)  Because many banks that were owed monies by Greek businesses were headquartered in other European states 
D)  Both options A and C are true.

Question 17

__________ 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 18

Which of the following reasons explained 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)  Both options B and C are true. 
A)  Greece's abandoning of the euro in exchange for the drachma 
B)  The global recession 
C)  Higher interest rates 
D)  Both options B and C are true.

Question 19

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 20

What is a quota?

Accepted Answer

A)  Qualitative limit on the kind of imported goods 
B)  Quantitative limit on the number of imported goods 
C)  Quantitative limit on the number of exported goods 
D)  Qualitative limit on the kind of exported goods 
A)  Qualitative limit on the kind of imported goods 
B)  Quantitative limit on the number of imported goods 
C)  Quantitative limit on the number of exported goods 
D)  Qualitative limit on the kind of exported goods

The investment by purchasing stocks rather than physical assets is known as

When a country no longer is willing or able to make the scheduled payments on its borrowed capital, this often develops into what is known as a

Why does the text argue that states have lost control over globalization?

According to the U.S. Federal Reserve System, trade barriers

Supporters of globalization tend to fall into which theoretical camp?

The process known as the "two-level game" highlights the interaction between

Discuss the key aspects of globalization. How important is each as a means to explain globalization? In what practical ways has globalization impacted your daily life?

In 2010, who acted as the lender of last resort for Greece?

One major problem of the General Agreement on Tariffs and Trade (GATT) was the exclusion of certain classes of products. One of the most significant classes of product originally excluded from GATT was

The dollar overhang concept refers to the situation when

According to the text, under globalization comparative advantage is based not in natural resource endowments but in

Which of the following statements is/are true?

An important conclusion in this chapter focuses on the changes in power and control by the state. This conclusion can be summed up as

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

Which U.S. President took the United States off the gold standard?

How did the Greek crisis spread to the rest of Europe?

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

Which of the following reasons explained Greece's difficulty in financing its debt?

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

What is a quota?

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

Exam 11: The Globalization of Trade and Finance

The investment by purchasing stocks rather than physical assets is known as

When a country no longer is willing or able to make the scheduled payments on its borrowed capital, this often develops into what is known as a

Why does the text argue that states have lost control over globalization?

According to the U.S. Federal Reserve System, trade barriers

Supporters of globalization tend to fall into which theoretical camp?

The process known as the "two-level game" highlights the interaction between

Discuss the key aspects of globalization. How important is each as a means to explain globalization? In what practical ways has globalization impacted your daily life?

In 2010, who acted as the lender of last resort for Greece?

One major problem of the General Agreement on Tariffs and Trade (GATT) was the exclusion of certain classes of products. One of the most significant classes of product originally excluded from GATT was

The dollar overhang concept refers to the situation when

According to the text, under globalization comparative advantage is based not in natural resource endowments but in

Which of the following statements is/are true?

An important conclusion in this chapter focuses on the changes in power and control by the state. This conclusion can be summed up as

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

Which U.S. President took the United States off the gold standard?

How did the Greek crisis spread to the rest of Europe?

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

Which of the following reasons explained Greece's difficulty in financing its debt?

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

What is a quota?

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