Question 1

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

Accepted Answer

A) World Bank 
B) IMF 
C) IBRD 
D) WTO 
A) World Bank 
B) IMF 
C) IBRD 
D) WTO

Question 2

Which of the following criticisms is NOT directed at 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. 
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.

Question 3

Which round of GATT first addressed subsidies?

Accepted Answer

The answer of Which round of GATT first addressed subsidies?...

Question 4

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

Question 5

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. 
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.

Question 6

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 7

How is the IMF funded?

Accepted Answer

It collect

Question 8

Which of the following is FALSE?

Accepted Answer

A) National sovereignty limits outsiders' ability to change the trade laws and practices of individual nation states. 
B) Because of international recognition of national sovereignty, individual nations are unaffected by global trade and capital flows. 
C) Foreign investors may not have a legal right to impose policies on a nation state, but the nation state may still experience consequences of poor policies. 
D) Because trade policies are laws of individual nations, it is difficult for other nations and international organizations to force changes on unwilling nation states. 
A) National sovereignty limits outsiders' ability to change the trade laws and practices of individual nation states. 
B) Because of international recognition of national sovereignty, individual nations are unaffected by global trade and capital flows. 
C) Foreign investors may not have a legal right to impose policies on a nation state, but the nation state may still experience consequences of poor policies. 
D) Because trade policies are laws of individual nations, it is difficult for other nations and international organizations to force changes on unwilling nation states.

Question 9

IMF conditionality refers to the

Accepted Answer

A) technical assistance the IMF gives. 
B) minimum-sized loan the IMF will make. 
C) maximum-sized loan the IMF will make. 
D) changes a country must make in order to receive IMF financial assistance. 
A) technical assistance the IMF gives. 
B) minimum-sized loan the IMF will make. 
C) maximum-sized loan the IMF will make. 
D) changes a country must make in order to receive IMF financial assistance.

Question 10

Describe the potential benefits and the potential costs to global trade of the tremendous growth in regional trade agreements.

Accepted Answer

A regional trade agreement creates prefe

Question 11

Trade policies in which industries have been the most contentious in the Doha Round?

Accepted Answer

Agricultur

Question 12

The primary mission of the World Bank today is to

Accepted Answer

A) provide capital to underdeveloped countries. 
B) provide capital to firms around the world. 
C) provide financial assistance for the reconstruction of war-damaged nations. 
D) help countries manage their exchange rates. 
A) provide capital to underdeveloped countries. 
B) provide capital to firms around the world. 
C) provide financial assistance for the reconstruction of war-damaged nations. 
D) help countries manage their exchange rates.

Question 13

Which of the following is a FALSE statement 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 14

China's alternative to the IMF is called

Accepted Answer

A) AIIB. 
B) ASEAN. 
C) MERCOSUR. 
D) TIIP. 
A) AIIB. 
B) ASEAN. 
C) MERCOSUR. 
D) TIIP.

Question 15

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

Question 16

A free trade agreement plus a common set of tariffs toward non-members is called

Accepted Answer

A) a common market. 
B) a customs union. 
C) a free trade area. 
D) an economic union. 
A) a common market. 
B) a customs union. 
C) a free trade area. 
D) an economic union.

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

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

Which round of GATT first addressed subsidies?

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

With a partial trade agreement,

Which of the following is FALSE?

How is the IMF funded?

Which of the following is FALSE?

IMF conditionality refers to the

Describe the potential benefits and the potential costs to global trade of the tremendous growth in regional trade agreements.

Trade policies in which industries have been the most contentious in the Doha Round?

The primary mission of the World Bank today is to

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

China's alternative to the IMF is called

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

A free trade agreement plus a common set of tariffs toward non-members is called

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

China and India in the World Economy

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Exam 2: International Economic Institutions Since World War II

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

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

Which round of GATT first addressed subsidies?

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

With a partial trade agreement,

Which of the following is FALSE?

How is the IMF funded?

Which of the following is FALSE?

IMF conditionality refers to the

Describe the potential benefits and the potential costs to global trade of the tremendous growth in regional trade agreements.

Trade policies in which industries have been the most contentious in the Doha Round?

The primary mission of the World Bank today is to

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

China's alternative to the IMF is called

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

A free trade agreement plus a common set of tariffs toward non-members is called

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

China and India in the World Economy

Filters