Question 1

The Bretton Woods institution designed to provide short-term loans to states facing temporary balance-of-payments difficulties is ________.

Accepted Answer

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

Question 2

The 2008-2009 crisis began in the United States but spread globally, in part, because

Accepted Answer

A)  the United States increased its imports from other countries. 
B)  the United States decreased its exports to other countries. 
C)  the United States increased its exports to other countries. 
D)  the United States decreased its imports from other countries. 
E)  oil prices increased during the crisis. 
A)  the United States increased its imports from other countries. 
B)  the United States decreased its exports to other countries. 
C)  the United States increased its exports to other countries. 
D)  the United States decreased its imports from other countries. 
E)  oil prices increased during the crisis.

Question 3

"The inexorable integration of markets, nation-states, and technologies to a degree never witnessed before" refers to ________.

Accepted Answer

A)  capitalism 
B)  mercantilism 
C)  globalization 
D)  the MNC 
E)  radicalism 
A)  capitalism 
B)  mercantilism 
C)  globalization 
D)  the MNC 
E)  radicalism

Question 4

During the 2008-2009 global financial crisis

Accepted Answer

A)  the countries of Africa all suffered significant financial setbacks. 
B)  African countries were set back in their access to international markets. 
C)  U.S. and European investments in African countries such as Ghana and Kenya increased. 
D)  Investment in African countries such as Ghana and Kenya from emerging economies like China and India increased. 
E)  African countries did not experience any change in foreign investments. 
A)  the countries of Africa all suffered significant financial setbacks. 
B)  African countries were set back in their access to international markets. 
C)  U.S. and European investments in African countries such as Ghana and Kenya increased. 
D)  Investment in African countries such as Ghana and Kenya from emerging economies like China and India increased. 
E)  African countries did not experience any change in foreign investments.

Question 5

The North American Free Trade Agreement (NAFTA) differs from the EU in that NAFTA

Accepted Answer

A)  includes states that are equal in size. 
B)  is opposed by multinational corporations rather than political elites. 
C)  has no intended social, political, or security dimensions. 
D)  has led to little controversy. 
E)  allows for easy immigration among members. 
A)  includes states that are equal in size. 
B)  is opposed by multinational corporations rather than political elites. 
C)  has no intended social, political, or security dimensions. 
D)  has led to little controversy. 
E)  allows for easy immigration among members.

Question 6

Liberals argue that free trade and open markets are always in a state's best interest, but mercantilists/statists and radicals disagree with this contention. What alternatives to unfettered trade and markets do statists and radicals propose, and why? If you were the leader of a developing country, which of the three perspectives would you find most appealing, and why?

Accepted Answer

The alternatives to unfettered trade and

Question 7

Economic liberals argue that free trade and open markets on an international scale will create

Accepted Answer

A)  greater economic development for all states involved. 
B)  stratification between rich and poor countries. 
C)  fewer benefits for rich states than for poor ones. 
D)  loss of power for some states. 
E)  rising prices for most goods. 
A)  greater economic development for all states involved. 
B)  stratification between rich and poor countries. 
C)  fewer benefits for rich states than for poor ones. 
D)  loss of power for some states. 
E)  rising prices for most goods.

Question 8

Radical political economists criticize MNCs for benefiting the rich at the expense of the poor.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is True of the Trans-Pacific Partnership (TPP), an agreement that was negotiated in late 2015 between the United States and Japan and ten other Pacific Rim countries?

Accepted Answer

A)  The agreement excludes protections for labor and the environment. 
B)  China is excluded as a participant. 
C)  The agreement excludes protections for copyrights and patents. 
D)  The agreement excludes developing countries. 
E)  The agreement excludes phasing out tariffs on most agricultural products. 
A)  The agreement excludes protections for labor and the environment. 
B)  China is excluded as a participant. 
C)  The agreement excludes protections for copyrights and patents. 
D)  The agreement excludes developing countries. 
E)  The agreement excludes phasing out tariffs on most agricultural products.

Question 10

The 2009 Eurozone Crisis was not just a debt problem, but also a problem of trade imbalances.

Accepted Answer

A) True 
 B)False

Question 11

The liberal approach to economic development that prioritizes privatization, liberalization of trade and foreign direct investment, government deregulation in favor of open competition and broad tax reform is known as ________.

Accepted Answer

A)  portfolio investment 
B)  sustainable development 
C)  the development gap 
D)  the Washington Consensus 
E)  the Beijing Consensus 
A)  portfolio investment 
B)  sustainable development 
C)  the development gap 
D)  the Washington Consensus 
E)  the Beijing Consensus

Question 12

Which of the following is True of the role of the IMF during the 2008-2009 global financial crisis?

Accepted Answer

A)  It did not create or change any facilities to help deal with the problem. 
B)  It provided loans to both Western and non-Western countries. 
C)  It solved the problem of financial crises. 
D)  It was the only Bretton Woods institution involved in lending to countries. 
E)  The IMF was not involved. 
A)  It did not create or change any facilities to help deal with the problem. 
B)  It provided loans to both Western and non-Western countries. 
C)  It solved the problem of financial crises. 
D)  It was the only Bretton Woods institution involved in lending to countries. 
E)  The IMF was not involved.

Question 13

China is now a member of the World Trade Organization.

Accepted Answer

A) True 
 B)False

Question 14

Liberals favor free trade and argue that states should produce where they have comparative advantage.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following EU practices or policies is compatible with liberal economic theory?

Accepted Answer

A)  creating a large market with free movement of goods and services 
B)  using protective tariffs against the United States and Japan 
C)  maintaining state subsidies to farmers 
D)  enforcing barriers on immigration 
E)  subsidizing corporations like Airbus 
A)  creating a large market with free movement of goods and services 
B)  using protective tariffs against the United States and Japan 
C)  maintaining state subsidies to farmers 
D)  enforcing barriers on immigration 
E)  subsidizing corporations like Airbus

Question 16

The "Beijing Consensus" approach to economic development, a model based on China's rapid economic growth, implies

Accepted Answer

A)  applying liberal economic policies to East Asia to assist with development in that region. 
B)  working through the Association of Southeast Asian Nations (ASEAN) to pursue growth and development. 
C)  not permitting private companies to function in the economy. 
D)  experimenting with policies that are compatible with a state's political structure and experience rather than with economic liberalism. 
E)  engaging in debt restructuring. 
A)  applying liberal economic policies to East Asia to assist with development in that region. 
B)  working through the Association of Southeast Asian Nations (ASEAN) to pursue growth and development. 
C)  not permitting private companies to function in the economy. 
D)  experimenting with policies that are compatible with a state's political structure and experience rather than with economic liberalism. 
E)  engaging in debt restructuring.

Question 17

The radical view of the international political economy is more normative than that of mercantilists or liberals because

Accepted Answer

A)  radicals praise the work of multinational corporations (MNCs) in the developing world to date. 
B)  radicals argue for minimal government intervention in the economy. 
C)  radicals criticize capitalism for worsening economic problems in the developing world. 
D)  liberals do not care about the outcomes of their policies on the poor. 
E)  radicals expect a revolution of the poor. 
A)  radicals praise the work of multinational corporations (MNCs) in the developing world to date. 
B)  radicals argue for minimal government intervention in the economy. 
C)  radicals criticize capitalism for worsening economic problems in the developing world. 
D)  liberals do not care about the outcomes of their policies on the poor. 
E)  radicals expect a revolution of the poor.

Question 18

Which of the following is True of the beliefs of economic liberalism, as exemplified by the writings of Adam Smith?

Accepted Answer

A)  Governments should encourage exports over imports. 
B)  Markets should be kept free from government interference. 
C)  Markets are not efficient. 
D)  Individuals cannot act rationally. 
E)  High prices will result from market competition. 
A)  Governments should encourage exports over imports. 
B)  Markets should be kept free from government interference. 
C)  Markets are not efficient. 
D)  Individuals cannot act rationally. 
E)  High prices will result from market competition.

Question 19

The UN's 2001 Millennium Development Goals set forth eight goals designed to

Accepted Answer

A)  abolish the capitalist system. 
B)  reduce poverty and increase sustainable human development. 
C)  reform international lending agencies such as the IMF and World Bank. 
D)  decrease attention paid to "soft" issues such as education and health care. 
E)  cut the role of the state in the international economy. 
A)  abolish the capitalist system. 
B)  reduce poverty and increase sustainable human development. 
C)  reform international lending agencies such as the IMF and World Bank. 
D)  decrease attention paid to "soft" issues such as education and health care. 
E)  cut the role of the state in the international economy.

Question 20

Which economic policy would a mercantilist favor?

Accepted Answer

A)  promoting exports over imports 
B)  free trade 
C)  promoting equitable distribution of resources in the international system 
D)  promoting cheap imports 
E)  encouraging weak governments with little economic role 
A)  promoting exports over imports 
B)  free trade 
C)  promoting equitable distribution of resources in the international system 
D)  promoting cheap imports 
E)  encouraging weak governments with little economic role

The Bretton Woods institution designed to provide short-term loans to states facing temporary balance-of-payments difficulties is ________.

The 2008-2009 crisis began in the United States but spread globally, in part, because

"The inexorable integration of markets, nation-states, and technologies to a degree never witnessed before" refers to ________.

During the 2008-2009 global financial crisis

The North American Free Trade Agreement (NAFTA) differs from the EU in that NAFTA

Economic liberals argue that free trade and open markets on an international scale will create

Radical political economists criticize MNCs for benefiting the rich at the expense of the poor.

Which of the following is True of the Trans-Pacific Partnership (TPP), an agreement that was negotiated in late 2015 between the United States and Japan and ten other Pacific Rim countries?

The 2009 Eurozone Crisis was not just a debt problem, but also a problem of trade imbalances.

The liberal approach to economic development that prioritizes privatization, liberalization of trade and foreign direct investment, government deregulation in favor of open competition and broad tax reform is known as ________.

Which of the following is True of the role of the IMF during the 2008-2009 global financial crisis?

China is now a member of the World Trade Organization.

Liberals favor free trade and argue that states should produce where they have comparative advantage.

Which of the following EU practices or policies is compatible with liberal economic theory?

The "Beijing Consensus" approach to economic development, a model based on China's rapid economic growth, implies

The radical view of the international political economy is more normative than that of mercantilists or liberals because

Which of the following is True of the beliefs of economic liberalism, as exemplified by the writings of Adam Smith?

The UN's 2001 Millennium Development Goals set forth eight goals designed to

Which economic policy would a mercantilist favor?

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Exam 9: International Political Economy

The Bretton Woods institution designed to provide short-term loans to states facing temporary balance-of-payments difficulties is ________.

The 2008-2009 crisis began in the United States but spread globally, in part, because

"The inexorable integration of markets, nation-states, and technologies to a degree never witnessed before" refers to ________.

During the 2008-2009 global financial crisis

The North American Free Trade Agreement (NAFTA) differs from the EU in that NAFTA

Economic liberals argue that free trade and open markets on an international scale will create

Radical political economists criticize MNCs for benefiting the rich at the expense of the poor.

Which of the following is True of the Trans-Pacific Partnership (TPP), an agreement that was negotiated in late 2015 between the United States and Japan and ten other Pacific Rim countries?

The 2009 Eurozone Crisis was not just a debt problem, but also a problem of trade imbalances.

The liberal approach to economic development that prioritizes privatization, liberalization of trade and foreign direct investment, government deregulation in favor of open competition and broad tax reform is known as ________.

Which of the following is True of the role of the IMF during the 2008-2009 global financial crisis?

China is now a member of the World Trade Organization.

Liberals favor free trade and argue that states should produce where they have comparative advantage.

Which of the following EU practices or policies is compatible with liberal economic theory?

The "Beijing Consensus" approach to economic development, a model based on China's rapid economic growth, implies

The radical view of the international political economy is more normative than that of mercantilists or liberals because

Which of the following is True of the beliefs of economic liberalism, as exemplified by the writings of Adam Smith?

The UN's 2001 Millennium Development Goals set forth eight goals designed to

Which economic policy would a mercantilist favor?

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