Question 1

The Bretton Woods institutions are reflective of a ________ economic perspective.

Accepted Answer

A)  radical 
B)  constructivist 
C)  liberal 
D)  statist 
E)  mercantilist 
A)  radical 
B)  constructivist 
C)  liberal 
D)  statist 
E)  mercantilist

Question 2

The overall effect of the European Union has been

Accepted Answer

A)  positive, increasing trade and improving welfare. 
B)  positive for MNCs but negative for European workers. 
C)  positive for European workers but negative for MNCs. 
D)  negative, causing declining trade and increased poverty. 
E)  negative, leading to increases in military clashes among member states. 
A)  positive, increasing trade and improving welfare. 
B)  positive for MNCs but negative for European workers. 
C)  positive for European workers but negative for MNCs. 
D)  negative, causing declining trade and increased poverty. 
E)  negative, leading to increases in military clashes among member states.

Question 3

The idea that rescuing states from the consequences of reckless economic behavior actually encourages future reckless behavior is called

Accepted Answer

A)  hedging. 
B)  portfolio investment. 
C)  derivative investing. 
D)  sovereign wealth funds. 
E)  moral hazard. 
A)  hedging. 
B)  portfolio investment. 
C)  derivative investing. 
D)  sovereign wealth funds. 
E)  moral hazard.

Question 4

Investing in another country's stocks or bonds without taking direct control of those investments is called ________.

Accepted Answer

A)  direct foreign investment 
B)  a sovereign wealth fund 
C)  a derivative 
D)  portfolio investment 
E)  offshore financing 
A)  direct foreign investment 
B)  a sovereign wealth fund 
C)  a derivative 
D)  portfolio investment 
E)  offshore financing

Question 5

Which of the following is True of the General Agreement on Tariffs and Trade (GATT)?

Accepted Answer

A)  Its principles were designed to allow states to treat foreign firms differently than their domestic firms. 
B)  It did not allow for states to claim exemptions for any reason. 
C)  It did not have any mechanism through which states could settle disputes. 
D)  Its principles were designed to defend the use of protectionist trade measures. 
E)  Its principles allowed for preferential access for products from developing countries to the markets of developed countries. 
A)  Its principles were designed to allow states to treat foreign firms differently than their domestic firms. 
B)  It did not allow for states to claim exemptions for any reason. 
C)  It did not have any mechanism through which states could settle disputes. 
D)  Its principles were designed to defend the use of protectionist trade measures. 
E)  Its principles allowed for preferential access for products from developing countries to the markets of developed countries.

Question 6

The approach to economic development that incorporates a concern for renewable resources and the environment is known as

Accepted Answer

A)  the Washington Consensus. 
B)  sustainable development. 
C)  The Beijing Consensus. 
D)  portfolio investment. 
E)  structural adjustment policy 
A)  the Washington Consensus. 
B)  sustainable development. 
C)  The Beijing Consensus. 
D)  portfolio investment. 
E)  structural adjustment policy

Question 7

What is the development gap?

Accepted Answer

A)  the difference between the highly developed international organizations in the North and the weakly developed international organizations in the South 
B)  the difference between the highly developed international organizations in the South and the weakly developed international organizations in the North 
C)  the difference between the economically well off states of the North and the poorer South 
D)  the difference between the economically well off states of the South and the poorer North 
E)  the goal sought by the Group of 77 in the New International Economic Order 
A)  the difference between the highly developed international organizations in the North and the weakly developed international organizations in the South 
B)  the difference between the highly developed international organizations in the South and the weakly developed international organizations in the North 
C)  the difference between the economically well off states of the North and the poorer South 
D)  the difference between the economically well off states of the South and the poorer North 
E)  the goal sought by the Group of 77 in the New International Economic Order

Question 8

What role do NGOs play in the international political economy?

Accepted Answer

A)  They pursue state interests by increasing state resources. 
B)  They help bring MNCs together in pursuit of reforms to the international capitalist system. 
C)  They carry out locally based development projects and channel finance to individuals. 
D)  They use their votes in the IMF to promote sustainable development programs. 
E)  They argue development only comes through smart government policies. 
A)  They pursue state interests by increasing state resources. 
B)  They help bring MNCs together in pursuit of reforms to the international capitalist system. 
C)  They carry out locally based development projects and channel finance to individuals. 
D)  They use their votes in the IMF to promote sustainable development programs. 
E)  They argue development only comes through smart government policies.

Question 9

How do economic liberals view human nature?

Accepted Answer

A)  Humans are aggressive. 
B)  Humans always have conflictual tendencies. 
C)  Humans have conflictual tendencies only when they are in groups. 
D)  Humans are rational and act to maximize self-interest. 
E)  Humans are naturally cooperative as individuals. 
A)  Humans are aggressive. 
B)  Humans always have conflictual tendencies. 
C)  Humans have conflictual tendencies only when they are in groups. 
D)  Humans are rational and act to maximize self-interest. 
E)  Humans are naturally cooperative as individuals.

Question 10

The United States' first secretary of the treasury, Alexander Hamilton (1757-1804) advocated protectionist trade policies. This is consistent with ________.

Accepted Answer

A)  economic liberalism 
B)  radicalism 
C)  colonialism 
D)  mercantilism 
E)  Marxism 
A)  economic liberalism 
B)  radicalism 
C)  colonialism 
D)  mercantilism 
E)  Marxism

Question 11

A major cause of the 2009 Eurozone Crisis was

Accepted Answer

A)  Germany's declining exports. 
B)  Greece's large-scale public-sector borrowing and debt. 
C)  a sharp rise in oil prices beginning in 2008. 
D)  low levels of bank lending over the previous decade. 
E)  low wages in Portugal, Italy, and Spain. 
A)  Germany's declining exports. 
B)  Greece's large-scale public-sector borrowing and debt. 
C)  a sharp rise in oil prices beginning in 2008. 
D)  low levels of bank lending over the previous decade. 
E)  low wages in Portugal, Italy, and Spain.

Question 12

Mercantilists' view of MNCs is that

Accepted Answer

A)  MNCs must be left unregulated so they can help stimulate the market economy. 
B)  no MNCs should be denied market entry. 
C)  MNCs should become more involved in domestic politics. 
D)  MNCs are economic actors that are more important than political actors. 
E)  MNCs are economic actors that need to be controlled. 
A)  MNCs must be left unregulated so they can help stimulate the market economy. 
B)  no MNCs should be denied market entry. 
C)  MNCs should become more involved in domestic politics. 
D)  MNCs are economic actors that are more important than political actors. 
E)  MNCs are economic actors that need to be controlled.

Question 13

Although the EU has generally been oriented toward increased free trade, an exception involving state intervention has occurred in which area?

Accepted Answer

A)  the movement of services 
B)  the movement of goods 
C)  the movement of capital 
D)  the agricultural sector 
E)  the high-technology sector 
A)  the movement of services 
B)  the movement of goods 
C)  the movement of capital 
D)  the agricultural sector 
E)  the high-technology sector

Question 14

The 2008-2009 global economic crisis began because

Accepted Answer

A)  China's economy went into recession. 
B)  U.S. markets had excess credit and insufficient equity. 
C)  the price of oil increased sharply in 2008. 
D)  the IMF refused to respond to the crisis. 
E)  the developing world began a boycott against U.S. products. 
A)  China's economy went into recession. 
B)  U.S. markets had excess credit and insufficient equity. 
C)  the price of oil increased sharply in 2008. 
D)  the IMF refused to respond to the crisis. 
E)  the developing world began a boycott against U.S. products.

Question 15

Economic liberals view international economic competition as

Accepted Answer

A)  healthy and desirable. 
B)  likely to lead to war. 
C)  a phenomenon that suppresses developing countries. 
D)  a phenomenon that suppresses the working class. 
E)  something that only benefits multinational corporations (MNCs). 
A)  healthy and desirable. 
B)  likely to lead to war. 
C)  a phenomenon that suppresses developing countries. 
D)  a phenomenon that suppresses the working class. 
E)  something that only benefits multinational corporations (MNCs).

Question 16

The three Bretton Woods Institutions are

Accepted Answer

A)  the United Nations, the General Agreement on Tariffs and Trade, and the World Bank. 
B)  the United Nations, the General Agreement on Tariffs and Trade, and the World Trade Organization. 
C)  the General Agreement on Tariffs and Trade, the World Bank, and the International Monetary Fund. 
D)  the World Trade Organization, the United Nations, and the World Bank. 
E)  the World Trade Organization, the General Agreement on Tariffs and Trade, and the International Monetary Fund. 
A)  the United Nations, the General Agreement on Tariffs and Trade, and the World Bank. 
B)  the United Nations, the General Agreement on Tariffs and Trade, and the World Trade Organization. 
C)  the General Agreement on Tariffs and Trade, the World Bank, and the International Monetary Fund. 
D)  the World Trade Organization, the United Nations, and the World Bank. 
E)  the World Trade Organization, the General Agreement on Tariffs and Trade, and the International Monetary Fund.

Question 17

The profound economic controversies generated by NAFTA illustrate that

Accepted Answer

A)  states can expand their borders without consequence. 
B)  regionalism produces both winners and losers. 
C)  the EU has much to learn from NAFTA. 
D)  only European citizens support regionalism. 
E)  regionalism produces equal losses for all. 
A)  states can expand their borders without consequence. 
B)  regionalism produces both winners and losers. 
C)  the EU has much to learn from NAFTA. 
D)  only European citizens support regionalism. 
E)  regionalism produces equal losses for all.

Question 18

In recent years, the World Bank, the International Monetary Fund, and the World Trade Organization have been the targets of well-orchestrated protest campaigns. Who are the protesters, and what are their complaints? Are these complaints justified? Why or why not? Based on your answers, what should be done with regard to these economic institutions?

Accepted Answer

The protesters targeting the World Bank,

Question 19

How have developed countries and international financial institutions responded to the escalating debt of many developing countries during the 1990s and even through today?

Accepted Answer

A)  They have charged higher interest rates. 
B)  They have urged those governments to cut spending on development projects. 
C)  They have canceled large amounts of debt. 
D)  They have urged those governments to form regional trade agreements. 
E)  They have completely ignored the crisis. 
A)  They have charged higher interest rates. 
B)  They have urged those governments to cut spending on development projects. 
C)  They have canceled large amounts of debt. 
D)  They have urged those governments to form regional trade agreements. 
E)  They have completely ignored the crisis.

Question 20

Radicals attribute the conflictual nature of the international system to

Accepted Answer

A)  competition between workers and the owners of wealth. 
B)  government intervention in the economy. 
C)  the failures of Bretton Woods institutions. 
D)  workers' power over state policies. 
E)  international anarchy. 
A)  competition between workers and the owners of wealth. 
B)  government intervention in the economy. 
C)  the failures of Bretton Woods institutions. 
D)  workers' power over state policies. 
E)  international anarchy.

The Bretton Woods institutions are reflective of a ________ economic perspective.

The overall effect of the European Union has been

The idea that rescuing states from the consequences of reckless economic behavior actually encourages future reckless behavior is called

Investing in another country's stocks or bonds without taking direct control of those investments is called ________.

Which of the following is True of the General Agreement on Tariffs and Trade (GATT)?

The approach to economic development that incorporates a concern for renewable resources and the environment is known as

What is the development gap?

What role do NGOs play in the international political economy?

How do economic liberals view human nature?

The United States' first secretary of the treasury, Alexander Hamilton (1757-1804) advocated protectionist trade policies. This is consistent with ________.

A major cause of the 2009 Eurozone Crisis was

Mercantilists' view of MNCs is that

Although the EU has generally been oriented toward increased free trade, an exception involving state intervention has occurred in which area?

The 2008-2009 global economic crisis began because

Economic liberals view international economic competition as

The three Bretton Woods Institutions are

The profound economic controversies generated by NAFTA illustrate that

How have developed countries and international financial institutions responded to the escalating debt of many developing countries during the 1990s and even through today?

Radicals attribute the conflictual nature of the international system to

Approaches to International Relations

The Historical Context of Contemporary International Relations

International Relations Theories

The International System

The State

The Individual

Intergovernmental Organizations, International Law, and Nongovernmental Organizations

War and Strife

Human Rights

Transnational Issues: the Environment, World Health, and Crime

Filters

Exam 9: International Political Economy

The Bretton Woods institutions are reflective of a ________ economic perspective.

The overall effect of the European Union has been

The idea that rescuing states from the consequences of reckless economic behavior actually encourages future reckless behavior is called

Investing in another country's stocks or bonds without taking direct control of those investments is called ________.

Which of the following is True of the General Agreement on Tariffs and Trade (GATT)?

The approach to economic development that incorporates a concern for renewable resources and the environment is known as

What is the development gap?

What role do NGOs play in the international political economy?

How do economic liberals view human nature?

The United States' first secretary of the treasury, Alexander Hamilton (1757-1804) advocated protectionist trade policies. This is consistent with ________.

A major cause of the 2009 Eurozone Crisis was

Mercantilists' view of MNCs is that

Although the EU has generally been oriented toward increased free trade, an exception involving state intervention has occurred in which area?

The 2008-2009 global economic crisis began because

Economic liberals view international economic competition as

The three Bretton Woods Institutions are

The profound economic controversies generated by NAFTA illustrate that

How have developed countries and international financial institutions responded to the escalating debt of many developing countries during the 1990s and even through today?

Radicals attribute the conflictual nature of the international system to

Approaches to International Relations

The Historical Context of Contemporary International Relations

International Relations Theories

The International System

The State

The Individual

Intergovernmental Organizations, International Law, and Nongovernmental Organizations

War and Strife

Human Rights

Transnational Issues: the Environment, World Health, and Crime

Filters