Exam 8: International Political Economy

Based on the recognition that states differ in their resource endowments of land,labor,and capital,a theory developed arguing that states should trade based on their ________,whereby each state produces and exports those products that it can produce most efficiently relative to other states.

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

The Bretton Woods institutions are reflecting ________ economic ideas.

Several developing countries have created institutions that are designed to serve as alternatives to the World Bank.

Economic radicals believe that ________ led to the economic chasm between the developed and developing world,which they witnessed developing at the end of "Pax Britannica."

Liberals favor free trade and argue that states should produce goods in which they have comparative advantage.

If a state faced balance-of-payments difficulties and needed a short-term loan to deal with the problem,it would likely turn to ________.

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

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

Describe the key principles and claims of economic liberalism,then state whether or not you find this theoretical perspective compelling and why.Include in your response some discussion of recent events and how they shape your beliefs in economic theory.

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

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

The European Union's Common Agricultural Policy,which provides support to its farmers in order for them to remain competitive,is a ________ policy.

When the United States increased tariffs on steel to help protect its steel manufacturers,this is known as ________.

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

During the 2008-2009 global financial crisis

The General Agreement on Tariffs and Trade (GATT)enshrined which of the following principles?

Which of the following is a regional trade agreement involving countries in South America?

The 1989 ban the EU placed on imports of beef from cattle treated with artificial growth hormones to protect public health is an example of ________.

Which of these statements differs from the economic liberal model in current thinking about approaches to economic development?