Question 1

Which multilateral institution serves as the lender of last resort?

Accepted Answer

The answer of Which multilateral institution serves as the lender...

Question 2

If a good or service does not get used up as it is consumed,then it is said to be

Accepted Answer

A) nonexcludable. 
B) nonrival. 
C) nondiscrimination. 
D) nonconsumable. 
E) None of the above. 
A) nonexcludable. 
B) nonrival. 
C) nondiscrimination. 
D) nonconsumable. 
E) None of the above.

Question 3

WTO talks in the late 1990s led to openings in both financial services and telecommunications.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is TRUE?

Accepted Answer

A) A common market is more deeply integrated than a customs union. 
B) The European Union is a shallower and broader form of integration than NAFTA. 
C) NAFTA is an example of a customs union. 
D) Customs unions require the creation of a common currency. 
A) A common market is more deeply integrated than a customs union. 
B) The European Union is a shallower and broader form of integration than NAFTA. 
C) NAFTA is an example of a customs union. 
D) Customs unions require the creation of a common currency.

Question 5

Because of the recognition internationally of the principles of national sovereignty,nations cannot be affected by the policies of other nations and international governmental organizations.

Accepted Answer

A) True 
 B)False

Question 6

One of the strongest motivations for holding the Bretton Woods Conference was to design new international institutions that would

Accepted Answer

A) contain communism. 
B) help countries avoid the mistakes of the 1920s and 1930s. 
C) provide a collective defense security for Western Europe and North America. 
D) ensure that world prices were not rising too rapidly. 
E) create a single currency in Western Europe. 
A) contain communism. 
B) help countries avoid the mistakes of the 1920s and 1930s. 
C) provide a collective defense security for Western Europe and North America. 
D) ensure that world prices were not rising too rapidly. 
E) create a single currency in Western Europe.

Question 7

The majority of economists favor open capital flows.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is a problem that arises when trying to classify regional trade agreements?

Accepted Answer

A) Many agreements combine elements from different categories. 
B) The definition of free trade area includes that of a customs union. 
C) Some agreements include cultural issues while others do not. 
D) The most favored nation clause includes all of them. 
E) None of the above. 
A) Many agreements combine elements from different categories. 
B) The definition of free trade area includes that of a customs union. 
C) Some agreements include cultural issues while others do not. 
D) The most favored nation clause includes all of them. 
E) None of the above.

Question 9

When the United States gives MFN status to China,it means that

Accepted Answer

A) China is treated better than other U.S.trading partners. 
B) China is treated the same as other U.S.trading partners. 
C) China is treated worse than other U.S.trading partners. 
D) China is better than all the nations in the WTO. 
E) China is legally bound to reciprocate. 
A) China is treated better than other U.S.trading partners. 
B) China is treated the same as other U.S.trading partners. 
C) China is treated worse than other U.S.trading partners. 
D) China is better than all the nations in the WTO. 
E) China is legally bound to reciprocate.

Question 10

Which of the following is FALSE?

Accepted Answer

A) A common market is more deeply integrated than an economic union. 
B) NAFTA is an example of a free trade area. 
C) The European Union is a deeper form of integration than NAFTA. 
D) Common markets allow for labor mobility between participating nations. 
A) A common market is more deeply integrated than an economic union. 
B) NAFTA is an example of a free trade area. 
C) The European Union is a deeper form of integration than NAFTA. 
D) Common markets allow for labor mobility between participating nations.

Question 11

The IBRD part of the World Bank is set up to lend to whom and for what types of projects?

Accepted Answer

Developing nations' government

Question 12

The World Bank was created as a result of the Bretton Woods conference and was originally focused on the reconstruction of Europe after World War II.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following criticisms is NOT directed to the IMF?

Accepted Answer

A) It lacks openness in its decision-making process. 
B) It serves the interests of wealthier countries. 
C) It creates a free-riding problem. 
D) It violates national sovereignty. 
E) It is heavily bureaucratic and at times gives harmful advice. 
A) It lacks openness in its decision-making process. 
B) It serves the interests of wealthier countries. 
C) It creates a free-riding problem. 
D) It violates national sovereignty. 
E) It is heavily bureaucratic and at times gives harmful advice.

Question 14

The IMF,because it can force nations to take loans and bail out packages,has more power than other international governmental organizations dealing with the global economy.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following is an example of an institution whose primary concern is global stability?

Accepted Answer

A) NAFTA (North American Free Trade Agreement) 
B) OPEC (Oil Producing and Exporting Countries) 
C) IMF (International Monetary Fund) 
D) Mekong River Commission 
E) Asian Development Bank 
A) NAFTA (North American Free Trade Agreement) 
B) OPEC (Oil Producing and Exporting Countries) 
C) IMF (International Monetary Fund) 
D) Mekong River Commission 
E) Asian Development Bank

Question 16

The Tokyo Round of the GATT negotiations was notable because it was the first round

Accepted Answer

A) that included Japan. 
B) that included textiles and apparel. 
C) to begin establishing rules on subsidies. 
D) to begin discussions of exchange rates. 
E) to limit the tariffs of the United States. 
A) that included Japan. 
B) that included textiles and apparel. 
C) to begin establishing rules on subsidies. 
D) to begin discussions of exchange rates. 
E) to limit the tariffs of the United States.

Question 17

A country experiencing a debt or currency crisis would contact the World Bank.

Accepted Answer

A) True 
 B)False

Question 18

A nation's votes at the IMF are proportional to its population.

Accepted Answer

A) True 
 B)False

Question 19

One reason markets may fail to provide the optimal quantity of public goods is the problem of

Accepted Answer

A) determining what the public wants. 
B) nontariff barriers. 
C) nondiscrimination. 
D) free riders. 
E) economic integration. 
A) determining what the public wants. 
B) nontariff barriers. 
C) nondiscrimination. 
D) free riders. 
E) economic integration.

Question 20

How is the IMF funded?

Accepted Answer

It collect

Which multilateral institution serves as the lender of last resort?

If a good or service does not get used up as it is consumed,then it is said to be

WTO talks in the late 1990s led to openings in both financial services and telecommunications.

Which of the following is TRUE?

Because of the recognition internationally of the principles of national sovereignty,nations cannot be affected by the policies of other nations and international governmental organizations.

One of the strongest motivations for holding the Bretton Woods Conference was to design new international institutions that would

The majority of economists favor open capital flows.

Which of the following is a problem that arises when trying to classify regional trade agreements?

When the United States gives MFN status to China,it means that

Which of the following is FALSE?

The IBRD part of the World Bank is set up to lend to whom and for what types of projects?

The World Bank was created as a result of the Bretton Woods conference and was originally focused on the reconstruction of Europe after World War II.

Which of the following criticisms is NOT directed to the IMF?

The IMF,because it can force nations to take loans and bail out packages,has more power than other international governmental organizations dealing with the global economy.

Which of the following is an example of an institution whose primary concern is global stability?

The Tokyo Round of the GATT negotiations was notable because it was the first round

A country experiencing a debt or currency crisis would contact the World Bank.

A nation's votes at the IMF are proportional to its population.

One reason markets may fail to provide the optimal quantity of public goods is the problem of

How is the IMF funded?

The United States in a Global Economy

Comparative Advantage and the Gains From Trade

Comparative Advantage and Factor Endowments

Beyond Comparative Advantage

The Theory of Tariffs and Quotas

Commercial Policy

International Trade and Labor and Environmental Standards

Trade and the Balance of Payments

Exchange Rates and Exchange Rate Systems

An Introduction to Open Economy Macroeconomics

International Financial Crises

The United States in the World Economy

The European Union: Many Markets Into One

Trade and Policy Reform in Latin America

Export-Oriented Growth in East Asia

The Bric Countries in the World Economy

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Exam 2: International Economic Institutions Since World War Ii

Which multilateral institution serves as the lender of last resort?

If a good or service does not get used up as it is consumed,then it is said to be

WTO talks in the late 1990s led to openings in both financial services and telecommunications.

Which of the following is TRUE?

Because of the recognition internationally of the principles of national sovereignty,nations cannot be affected by the policies of other nations and international governmental organizations.

One of the strongest motivations for holding the Bretton Woods Conference was to design new international institutions that would

The majority of economists favor open capital flows.

Which of the following is a problem that arises when trying to classify regional trade agreements?

When the United States gives MFN status to China,it means that

Which of the following is FALSE?

The IBRD part of the World Bank is set up to lend to whom and for what types of projects?

The World Bank was created as a result of the Bretton Woods conference and was originally focused on the reconstruction of Europe after World War II.

Which of the following criticisms is NOT directed to the IMF?

The IMF,because it can force nations to take loans and bail out packages,has more power than other international governmental organizations dealing with the global economy.

Which of the following is an example of an institution whose primary concern is global stability?

The Tokyo Round of the GATT negotiations was notable because it was the first round

A country experiencing a debt or currency crisis would contact the World Bank.

A nation's votes at the IMF are proportional to its population.

One reason markets may fail to provide the optimal quantity of public goods is the problem of

How is the IMF funded?

The United States in a Global Economy

Comparative Advantage and the Gains From Trade

Comparative Advantage and Factor Endowments

Beyond Comparative Advantage

The Theory of Tariffs and Quotas

Commercial Policy

International Trade and Labor and Environmental Standards

Trade and the Balance of Payments

Exchange Rates and Exchange Rate Systems

An Introduction to Open Economy Macroeconomics

International Financial Crises

The United States in the World Economy

The European Union: Many Markets Into One

Trade and Policy Reform in Latin America

Export-Oriented Growth in East Asia

The Bric Countries in the World Economy

Filters