Question 1

Which of the following is FALSE about the International Monetary Fund (IMF)?

Accepted Answer

A) The IMF was created after the Bretton Woods Conference to help to maintain the international fixed exchange rate system that was introduced. 
B) The IMF lends to national governments,initially to maintain the fixed exchange rate system,and today to deal with debt or currency crises. 
C) Multinational corporations can get IMF loans if they agree to invest in economies that are internationally perceived as risky and otherwise unlikely to receive direct foreign investment. 
D) One of the criticisms of the IMF and other international governmental organizations that deal with the global economy is that their decision making may be biased toward policies that favor industrialized nations. 
A) The IMF was created after the Bretton Woods Conference to help to maintain the international fixed exchange rate system that was introduced. 
B) The IMF lends to national governments,initially to maintain the fixed exchange rate system,and today to deal with debt or currency crises. 
C) Multinational corporations can get IMF loans if they agree to invest in economies that are internationally perceived as risky and otherwise unlikely to receive direct foreign investment. 
D) One of the criticisms of the IMF and other international governmental organizations that deal with the global economy is that their decision making may be biased toward policies that favor industrialized nations.

Question 2

One of the most important and most visible roles of the IMF is to

Accepted Answer

A) hold regular negotiations over tariff reductions. 
B) investigate countries that are charged with being unfair traders. 
C) provide loans to countries that need capital to develop their economies. 
D) intercede by invitation when countries cannot pay their international debts. 
E) serve as a forum for negotiating free trade agreements between groups of nations. 
A) hold regular negotiations over tariff reductions. 
B) investigate countries that are charged with being unfair traders. 
C) provide loans to countries that need capital to develop their economies. 
D) intercede by invitation when countries cannot pay their international debts. 
E) serve as a forum for negotiating free trade agreements between groups of nations.

Question 3

Which of the following was NOT a creation of the Bretton Woods conference?

Accepted Answer

A) World Bank 
B) IMF 
C) IBRD 
D) WTO 
E) None of the above. 
A) World Bank 
B) IMF 
C) IBRD 
D) WTO 
E) None of the above.

Question 4

Institutions are

Accepted Answer

A) the same thing as organizations. 
B) associations of individuals or groups. 
C) always embodied in a written set of rules. 
D) a set of rules governing behavior,whether written or not. 
E) only relevant on international issues. 
A) the same thing as organizations. 
B) associations of individuals or groups. 
C) always embodied in a written set of rules. 
D) a set of rules governing behavior,whether written or not. 
E) only relevant on international issues.

Question 5

The international organization that serves as a forum for trade discussions and the development of trade rules is called

Accepted Answer

A) the WTO. 
B) the World Bank. 
C) the IMF. 
D) Bretton Woods. 
E) the United Nations. 
A) the WTO. 
B) the World Bank. 
C) the IMF. 
D) Bretton Woods. 
E) the United Nations.

Question 6

Until the Uruguay Round of trade negotiations,which of the following sectors were NOT included in the rules for international trade?

Accepted Answer

A) Steel and agriculture 
B) Automobiles and electronics 
C) Agriculture and apparel 
D) Steel and textiles 
E) Automobiles and agriculture 
A) Steel and agriculture 
B) Automobiles and electronics 
C) Agriculture and apparel 
D) Steel and textiles 
E) Automobiles and agriculture

Question 7

IMF conditionality refers to the

Accepted Answer

A) technical assistance the IMF gives. 
B) minimum size of a national debt problem that a country must have before the IMF gets involved. 
C) minimum-sized loan the IMF will make. 
D) maximum-sized loan the IMF will make. 
E) changes a country must make in order to receive IMF financial assistance. 
A) technical assistance the IMF gives. 
B) minimum size of a national debt problem that a country must have before the IMF gets involved. 
C) minimum-sized loan the IMF will make. 
D) maximum-sized loan the IMF will make. 
E) changes a country must make in order to receive IMF financial assistance.

Question 8

Describe the criticisms about decision making at the IMF and the World Bank.Which types of policies are thought to reflect bias? What types of costs are not considered? What is the fundamental question critics raise about the operations of the international governmental economic institutions?

Accepted Answer

Voting structures at the IMF and World B

Question 9

What is MFN status? How does the WTO reconcile the principle of equal treatment with the preferential treatment created by regional trade agreements?

Accepted Answer

MFN status is basically that you will tr

Question 10

With a partial trade agreement

Accepted Answer

A) goods and services are allowed to cross boundaries without tariffs. 
B) two or more countries agree to liberalize trade in a selected group of categories. 
C) two or more countries set common tariffs toward non-members. 
D) two or more countries allow the free mobility of inputs such as labor and capital. 
E) two or more countries agree on establishing a common currency. 
A) goods and services are allowed to cross boundaries without tariffs. 
B) two or more countries agree to liberalize trade in a selected group of categories. 
C) two or more countries set common tariffs toward non-members. 
D) two or more countries allow the free mobility of inputs such as labor and capital. 
E) two or more countries agree on establishing a common currency.

Which of the following is FALSE about the International Monetary Fund (IMF)?

One of the most important and most visible roles of the IMF is to

Which of the following was NOT a creation of the Bretton Woods conference?

Institutions are

The international organization that serves as a forum for trade discussions and the development of trade rules is called

Until the Uruguay Round of trade negotiations,which of the following sectors were NOT included in the rules for international trade?

IMF conditionality refers to the

Describe the criticisms about decision making at the IMF and the World Bank.Which types of policies are thought to reflect bias? What types of costs are not considered? What is the fundamental question critics raise about the operations of the international governmental economic institutions?

What is MFN status? How does the WTO reconcile the principle of equal treatment with the preferential treatment created by regional trade agreements?

With a partial trade agreement

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

Exam 2: International Economic Institutions Since World War Ii

Which of the following is FALSE about the International Monetary Fund (IMF)?

One of the most important and most visible roles of the IMF is to

Which of the following was NOT a creation of the Bretton Woods conference?

Institutions are

The international organization that serves as a forum for trade discussions and the development of trade rules is called

Until the Uruguay Round of trade negotiations,which of the following sectors were NOT included in the rules for international trade?

IMF conditionality refers to the

Describe the criticisms about decision making at the IMF and the World Bank.Which types of policies are thought to reflect bias? What types of costs are not considered? What is the fundamental question critics raise about the operations of the international governmental economic institutions?

What is MFN status? How does the WTO reconcile the principle of equal treatment with the preferential treatment created by regional trade agreements?

With a partial trade agreement

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