Question 1

The history of hegemonic transitions provides some support that

Accepted Answer

A)  world trade has flourished during periods of hegemonic leadership and floundered during periods without it. 
B)  world trade has floundered during periods of hegemonic leadership and flourished during periods without it. 
C)  the British failed to reconstruct the world economy after WW II even though it had the resources to do so. 
D)  the United States reconstructed the world economy after WW II even though it didn't have resources to do so. 
E)  Japan will reconstruct the world economy in the coming decades because China will not have the resources to do so. 
A)  world trade has flourished during periods of hegemonic leadership and floundered during periods without it. 
B)  world trade has floundered during periods of hegemonic leadership and flourished during periods without it. 
C)  the British failed to reconstruct the world economy after WW II even though it had the resources to do so. 
D)  the United States reconstructed the world economy after WW II even though it didn't have resources to do so. 
E)  Japan will reconstruct the world economy in the coming decades because China will not have the resources to do so.

Question 2

Many observers believe that regional trade arrangements

Accepted Answer

A)  don't pose a threat to the multilateral trade system. 
B)  pose a challenge to the WTO because they don't offer a more discriminatory way to organize world trade. 
C)  don't pose a challenge to the WTO because they offer a more preferential market access to another country located in the same region of the world. 
D)  don't pose a challenge to the WTO because they offer a more discriminatory way to organize world trade. 
E)  pose a challenge to the WTO because they offer a more preferential market access to another country located in the same region of the world. 
A)  don't pose a threat to the multilateral trade system. 
B)  pose a challenge to the WTO because they don't offer a more discriminatory way to organize world trade. 
C)  don't pose a challenge to the WTO because they offer a more preferential market access to another country located in the same region of the world. 
D)  don't pose a challenge to the WTO because they offer a more discriminatory way to organize world trade. 
E)  pose a challenge to the WTO because they offer a more preferential market access to another country located in the same region of the world.

Question 3

According to Oatley,the agreements that will conclude the Doha Round will impose

Accepted Answer

A)  few adjustment costs in agriculture in developed countries and manufactured goods for most developing countries. 
B)  hefty adjustment costs in agriculture in developing countries and manufactured goods for most developed countries. 
C)  hefty adjustment costs in agriculture in developed countries but few adjustment costs for manufactured goods for most developing countries. 
D)  few adjustment costs in agriculture in developed countries but hefty adjustment costs for manufactured goods for most developing countries. 
E)  hefty adjustment costs in agriculture in developed countries and manufactured goods for most developing countries. 
A)  few adjustment costs in agriculture in developed countries and manufactured goods for most developing countries. 
B)  hefty adjustment costs in agriculture in developing countries and manufactured goods for most developed countries. 
C)  hefty adjustment costs in agriculture in developed countries but few adjustment costs for manufactured goods for most developing countries. 
D)  few adjustment costs in agriculture in developed countries but hefty adjustment costs for manufactured goods for most developing countries. 
E)  hefty adjustment costs in agriculture in developed countries and manufactured goods for most developing countries.

Question 4

If more trade is created than diverted,a RTA

Accepted Answer

A)  pushes the world toward protectionism. 
B)  has liberalized trade. 
C)  undermines the WTO's nondiscrimination principle. 
D)  makes it easier for hegemons to stabilize trade. 
E)  has no net impact on trade. 
A)  pushes the world toward protectionism. 
B)  has liberalized trade. 
C)  undermines the WTO's nondiscrimination principle. 
D)  makes it easier for hegemons to stabilize trade. 
E)  has no net impact on trade.

Question 5

Governments,under WTO rules,cannot ban imports of a product on health or safety grounds unless a preponderance of scientific evidence indicates that the product is,in fact,harmful.

Accepted Answer

A) True 
 B)False

Question 6

Global trade has grown during the past 60 years at an average annual rate of about

Accepted Answer

A)  2 percent. 
B)  6 percent. 
C)  8 percent. 
D)  12 percent. 
E)  16 percent. 
A)  2 percent. 
B)  6 percent. 
C)  8 percent. 
D)  12 percent. 
E)  16 percent.

Question 7

Agreements between countries in Western,Eastern,and Central Europe,and in the Mediterranean account for almost

Accepted Answer

A)  30 percent of RTAs in operation. 
B)  40 percent of RTAs in operation. 
C)  50 percent of RTAs in operation. 
D)  70 percent of RTAs in operation. 
E)  80 percent of RTAs in operation. 
A)  30 percent of RTAs in operation. 
B)  40 percent of RTAs in operation. 
C)  50 percent of RTAs in operation. 
D)  70 percent of RTAs in operation. 
E)  80 percent of RTAs in operation.

Question 8

International institutions such as the WTO have public good characteristics.Therefore,international rules and procedures

Accepted Answer

A)  necessarily benefit all governments equally. 
B)  make it easier to deny a government these benefits once an institution has been established. 
C)  do not decrease as a function of the number of governments that belong to the institution. 
D)  cannot be frustrated by free riding. 
E)  make it impossible to deny a government these benefits once an institution has been established. 
A)  necessarily benefit all governments equally. 
B)  make it easier to deny a government these benefits once an institution has been established. 
C)  do not decrease as a function of the number of governments that belong to the institution. 
D)  cannot be frustrated by free riding. 
E)  make it impossible to deny a government these benefits once an institution has been established.

Question 9

How are WTO rules created through intergovernmental bargaining? What role do ministerial conferences play in this process?

Accepted Answer

The rules of the World Trade Organizatio

Question 10

Internationalization has been brought about by the decisions governments have made about the rules and institutions that govern world trade.

Accepted Answer

A) True 
 B)False

Question 11

Under the leadership of China,Brazil,and India developing countries have constructed a powerful bloc within the WTO in the past decade.

Accepted Answer

A) True 
 B)False

Question 12

The WTO's dispute settlement mechanism is necessary

Accepted Answer

A)  because this ensures that individual compliance with established rules is guaranteed. 
B)  in order to avoid punishment in the event of compliance. 
C)  so that governments can disregard WTO rules with impunity. 
D)  in order to authorize punishment in the event of noncompliance. 
E)  in order to avoid punishment by providing an independent quasi-judicial tribunal. 
A)  because this ensures that individual compliance with established rules is guaranteed. 
B)  in order to avoid punishment in the event of compliance. 
C)  so that governments can disregard WTO rules with impunity. 
D)  in order to authorize punishment in the event of noncompliance. 
E)  in order to avoid punishment by providing an independent quasi-judicial tribunal.

Question 13

Why do many observers believe that regional trade arrangements (RTAs)pose the single greatest challenge to the current multilateral trade system? What factors have influenced the rapid growth of RTAs?

Accepted Answer

Many observers believe that regional tra

Question 14

Assertions of US hegemonic decline proved accurate when American unilateralism subsided in the mid-1990s.

Accepted Answer

A) True 
 B)False

Question 15

World trade has grown so rapidly over the last 60 years because

Accepted Answer

A)  the WTO and GATT supported and encouraged such growth. 
B)  of the competition between the US and the USSR. 
C)  as a consequence of greater wealth equality between rich and poor nations. 
D)  national economies becoming less connected. 
E)  the world's economic output has grown more than trade. 
A)  the WTO and GATT supported and encouraged such growth. 
B)  of the competition between the US and the USSR. 
C)  as a consequence of greater wealth equality between rich and poor nations. 
D)  national economies becoming less connected. 
E)  the world's economic output has grown more than trade.

Question 16

What substantial changes will the WTO face from the growing power of developing countries within the organization? Will more members make consensus of trade issues easier or more difficult? How? Why?

Accepted Answer

The growing power of developing countrie

Question 17

As a hegemon declines in power,

Accepted Answer

A)  it becomes more willing to bear the cost of maintaining trade rules and world trade becomes more open. 
B)  it becomes more willing to bear the cost of maintaining trade rules and world trade becomes less open. 
C)  it becomes less willing to bear the cost of maintaining trade rules and world trade becomes less open. 
D)  it becomes less willing to bear the cost of maintaining trade rules and world trade becomes more open. 
E)  it becomes less willing to bear the cost of maintaining trade rules so that more free riders will be able to profit. 
A)  it becomes more willing to bear the cost of maintaining trade rules and world trade becomes more open. 
B)  it becomes more willing to bear the cost of maintaining trade rules and world trade becomes less open. 
C)  it becomes less willing to bear the cost of maintaining trade rules and world trade becomes less open. 
D)  it becomes less willing to bear the cost of maintaining trade rules and world trade becomes more open. 
E)  it becomes less willing to bear the cost of maintaining trade rules so that more free riders will be able to profit.

Question 18

According to Oatley,WTO rules have been criticized by NGOs as

Accepted Answer

A)  too favorable towards consumer interests. 
B)  too favorable towards producer interests. 
C)  too biased against producer interests. 
D)  too favorable towards environmental interests. 
E)  too favorable towards labor unions. 
A)  too favorable towards consumer interests. 
B)  too favorable towards producer interests. 
C)  too biased against producer interests. 
D)  too favorable towards environmental interests. 
E)  too favorable towards labor unions.

Question 19

What substantial changes will the WTO face from the growing power non-governmental organizations (NGOs)striving to influence the organization? Why do NGOs worry about how WTO rules affect the ability of governments to safeguard consumer and environmental interests?

Accepted Answer

The growing power of non-governmental or

Question 20

National treatment allows governments to use taxes,regulations,and other domestic policies to provide an advantage to domestic firms at the expense of foreign firms.

Accepted Answer

A) True 
 B)False

The history of hegemonic transitions provides some support that

Many observers believe that regional trade arrangements

According to Oatley,the agreements that will conclude the Doha Round will impose

If more trade is created than diverted,a RTA

Governments,under WTO rules,cannot ban imports of a product on health or safety grounds unless a preponderance of scientific evidence indicates that the product is,in fact,harmful.

Global trade has grown during the past 60 years at an average annual rate of about

Agreements between countries in Western,Eastern,and Central Europe,and in the Mediterranean account for almost

International institutions such as the WTO have public good characteristics.Therefore,international rules and procedures

How are WTO rules created through intergovernmental bargaining? What role do ministerial conferences play in this process?

Internationalization has been brought about by the decisions governments have made about the rules and institutions that govern world trade.

Under the leadership of China,Brazil,and India developing countries have constructed a powerful bloc within the WTO in the past decade.

The WTO's dispute settlement mechanism is necessary

Why do many observers believe that regional trade arrangements (RTAs)pose the single greatest challenge to the current multilateral trade system? What factors have influenced the rapid growth of RTAs?

Assertions of US hegemonic decline proved accurate when American unilateralism subsided in the mid-1990s.

World trade has grown so rapidly over the last 60 years because

What substantial changes will the WTO face from the growing power of developing countries within the organization? Will more members make consensus of trade issues easier or more difficult? How? Why?

As a hegemon declines in power,

According to Oatley,WTO rules have been criticized by NGOs as

What substantial changes will the WTO face from the growing power non-governmental organizations (NGOs)striving to influence the organization? Why do NGOs worry about how WTO rules affect the ability of governments to safeguard consumer and environmental interests?

National treatment allows governments to use taxes,regulations,and other domestic policies to provide an advantage to domestic firms at the expense of foreign firms.

International Political Economy

The Political Economy of International Trade Cooperation

A Society-Centered Approach to Trade Politics

A State-Centered Approach to Trade Politics

Trade and Development I: Import Substitution Industrialization

Trade and Development II: Economic Reform

Multinational Corporations in the Global Economy

The Politics of Multinational Corporations

The International Monetary System

Cooperation, conflict and Crisis in the Contemporary International Monetary System

A Society-Centered Approach to Monetary and Exchange-Rate Policies

A State-Centered Approach to Monetary and Exchange-Rate Policies

Developing Countries and International Finance I: the Latin American Debt Crisis

Developing Countries and International Finance II: a Decade of Crises

Globalization: Consequences and Controversies

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Exam 2: The World Trade Organization and the World Trade System

The history of hegemonic transitions provides some support that

Many observers believe that regional trade arrangements

According to Oatley,the agreements that will conclude the Doha Round will impose

If more trade is created than diverted,a RTA

Governments,under WTO rules,cannot ban imports of a product on health or safety grounds unless a preponderance of scientific evidence indicates that the product is,in fact,harmful.

Global trade has grown during the past 60 years at an average annual rate of about

Agreements between countries in Western,Eastern,and Central Europe,and in the Mediterranean account for almost

International institutions such as the WTO have public good characteristics.Therefore,international rules and procedures

How are WTO rules created through intergovernmental bargaining? What role do ministerial conferences play in this process?

Internationalization has been brought about by the decisions governments have made about the rules and institutions that govern world trade.

Under the leadership of China,Brazil,and India developing countries have constructed a powerful bloc within the WTO in the past decade.

The WTO's dispute settlement mechanism is necessary

Why do many observers believe that regional trade arrangements (RTAs)pose the single greatest challenge to the current multilateral trade system? What factors have influenced the rapid growth of RTAs?

Assertions of US hegemonic decline proved accurate when American unilateralism subsided in the mid-1990s.

World trade has grown so rapidly over the last 60 years because

What substantial changes will the WTO face from the growing power of developing countries within the organization? Will more members make consensus of trade issues easier or more difficult? How? Why?

As a hegemon declines in power,

According to Oatley,WTO rules have been criticized by NGOs as

What substantial changes will the WTO face from the growing power non-governmental organizations (NGOs)striving to influence the organization? Why do NGOs worry about how WTO rules affect the ability of governments to safeguard consumer and environmental interests?

National treatment allows governments to use taxes,regulations,and other domestic policies to provide an advantage to domestic firms at the expense of foreign firms.

International Political Economy

The Political Economy of International Trade Cooperation

A Society-Centered Approach to Trade Politics

A State-Centered Approach to Trade Politics

Trade and Development I: Import Substitution Industrialization

Trade and Development II: Economic Reform

Multinational Corporations in the Global Economy

The Politics of Multinational Corporations

The International Monetary System

Cooperation, conflict and Crisis in the Contemporary International Monetary System

A Society-Centered Approach to Monetary and Exchange-Rate Policies

A State-Centered Approach to Monetary and Exchange-Rate Policies

Developing Countries and International Finance I: the Latin American Debt Crisis

Developing Countries and International Finance II: a Decade of Crises

Globalization: Consequences and Controversies

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