Question 1

Discuss the criticisms of the IMF by the South.Are such criticisms valid?

Accepted Answer

Students should outline the main critici

Question 2

The membership of the WTO includes

Accepted Answer

A)  all states 
B)  only EDCs 
C)  only LDCs 
D)  most states including LDCs and EDCs 
A)  all states 
B)  only EDCs 
C)  only LDCs 
D)  most states including LDCs and EDCs

Question 3

Following World War II,the United States and its allies set up a number of institutions to help manage the global economy.What were the major institutions developed and what role have they played.

Accepted Answer

Students should identify the IMF (mainta

Question 4

The theory of "competitive advantage" was developed by

Accepted Answer

A)  Adam Smith. 
B)  Edward Misselden. 
C)  David Ricardo. 
D)  John Stuart Mill. 
A)  Adam Smith. 
B)  Edward Misselden. 
C)  David Ricardo. 
D)  John Stuart Mill.

Question 5

Based on its membership,the OECD could be considered

Accepted Answer

A)  largely "a rich man's club." 
B)  a solely Western organization. 
C)  a hybrid of IGOs and NGOs. 
D)  an isolationist club that does not have links with non-members. 
A)  largely "a rich man's club." 
B)  a solely Western organization. 
C)  a hybrid of IGOs and NGOs. 
D)  an isolationist club that does not have links with non-members.

Question 6

Which country is not part of the G-8?

Accepted Answer

A)  Canada 
B)  Italy 
C)  Germany 
D)  China 
A)  Canada 
B)  Italy 
C)  Germany 
D)  China

Question 7

A trade agreement among three or more countries within a region is called

Accepted Answer

A)  a Regional Trade Agreement (RT
A) . 
B)  a Free Trade Agreement (FT
A) . 
C)  the North American Free Trade Agreement (NAFT
A) . 
D)  an Economic Cooperation and Development (ED
C)  institution. 
A)  a Regional Trade Agreement (RT
A) . 
B)  a Free Trade Agreement (FT
A) . 
C)  the North American Free Trade Agreement (NAFT
A) . 
D)  an Economic Cooperation and Development (ED
C)  institution.

Question 8

Although public opinion has pushed the G-8 to consider development issues,the G-8 has yet to address them.

Accepted Answer

A) True 
 B)False

Question 9

Discuss the North-South disagreements during the Doha Round negotiations in Cancun,Mexico.For which side are you more empathetic? Why?

Accepted Answer

EDCs wanted to focus on reforms in the S

Question 10

According to economic internationalists,how does free trade promote cooperation?

Accepted Answer

Answers might vary,but all sho

Question 11

Advocates of free trade argue that increased economic interdependence among countries is inherently good because it reduces international conflict.

Accepted Answer

A) True 
 B)False

Question 12

In trade dispute cases brought to the WTO

Accepted Answer

A)  a three-judge panel hears complaints. 
B)  the case is decided by the UN General Assembly. 
C)  sanctions are always imposed on the losing party. 
D)  the WTO suggests options to the states in dispute. 
A)  a three-judge panel hears complaints. 
B)  the case is decided by the UN General Assembly. 
C)  sanctions are always imposed on the losing party. 
D)  the WTO suggests options to the states in dispute.

Question 13

Explain the concept of comparative advantage.

Accepted Answer

Everyone would benef

Question 14

UNCTAD was founded primarily for the purpose of

Accepted Answer

A)  addressing the economic concerns of the LDCs. 
B)  promoting the growth of industry in the LDCs. 
C)  creating a forum for exchange between LDCs and EDCs regarding political issues. 
D)  addressing issues of intellectual property rights. 
A)  addressing the economic concerns of the LDCs. 
B)  promoting the growth of industry in the LDCs. 
C)  creating a forum for exchange between LDCs and EDCs regarding political issues. 
D)  addressing issues of intellectual property rights.

Question 15

The UN Development Programme works to

Accepted Answer

A)  provide technical assistance and funds to LDCs. 
B)  provide LDCs access to global markets. 
C)  improve LDC military forces. 
D)  strengthen the global economy. 
A)  provide technical assistance and funds to LDCs. 
B)  provide LDCs access to global markets. 
C)  improve LDC military forces. 
D)  strengthen the global economy.

Question 16

Unlike the IMF,the World Bank is not dominated by the North.

Accepted Answer

A) True 
 B)False

Question 17

The liberal idea of interdependence seeks the

Accepted Answer

A)  promotion of free markets for the powerful at the expense of the weak. 
B)  limitation of free markets to prevent states from economically merging. 
C)  limitation of free markets for the betterment of a states domestic labor force. 
D)  promotion of free markets for the economic good of all. 
A)  promotion of free markets for the powerful at the expense of the weak. 
B)  limitation of free markets to prevent states from economically merging. 
C)  limitation of free markets for the betterment of a states domestic labor force. 
D)  promotion of free markets for the economic good of all.

Question 18

One of the principal concerns of the G-8 is

Accepted Answer

A)  the development of LDCs. 
B)  developing political stability in the South. 
C)  the economic ramifications of ethnic fighting. 
D)  the environmental ramifications of economic policies. 
A)  the development of LDCs. 
B)  developing political stability in the South. 
C)  the economic ramifications of ethnic fighting. 
D)  the environmental ramifications of economic policies.

Question 19

Economic internationalists argue that free trade is beneficial to the international economy for all of the following reasons except that free trade

Accepted Answer

A)  promotes general prosperity. 
B)  ensures that countries specialize according to their expertise. 
C)  promotes competition thereby ensuring better prod­ucts and more quality goods. 
D)  promotes tariff-building. 
A)  promotes general prosperity. 
B)  ensures that countries specialize according to their expertise. 
C)  promotes competition thereby ensuring better prod­ucts and more quality goods. 
D)  promotes tariff-building.

Question 20

The Doha Round of WTO talks produced great progress in addressing the concerns of both LDCs and EDCs.

Accepted Answer

A) True 
 B)False

Discuss the criticisms of the IMF by the South.Are such criticisms valid?

The membership of the WTO includes

Following World War II,the United States and its allies set up a number of institutions to help manage the global economy.What were the major institutions developed and what role have they played.

The theory of "competitive advantage" was developed by

Based on its membership,the OECD could be considered

Which country is not part of the G-8?

A trade agreement among three or more countries within a region is called

Although public opinion has pushed the G-8 to consider development issues,the G-8 has yet to address them.

Discuss the North-South disagreements during the Doha Round negotiations in Cancun,Mexico.For which side are you more empathetic? Why?

According to economic internationalists,how does free trade promote cooperation?

Advocates of free trade argue that increased economic interdependence among countries is inherently good because it reduces international conflict.

In trade dispute cases brought to the WTO

Explain the concept of comparative advantage.

UNCTAD was founded primarily for the purpose of

The UN Development Programme works to

Unlike the IMF,the World Bank is not dominated by the North.

The liberal idea of interdependence seeks the

One of the principal concerns of the G-8 is

Economic internationalists argue that free trade is beneficial to the international economy for all of the following reasons except that free trade

The Doha Round of WTO talks produced great progress in addressing the concerns of both LDCs and EDCs.

Thinking and Caring About World Politics

The Evolution of World Politics

Levels of Analysis and Foreign Policy

Nationalism: the Traditional Orientation

Globalization: the Alternative Orientation

Power, statecraft, and the National State: The Traditional Structure

Intergovernmental Organizations: Alternative Governance

International Law and Human Rights

Pursuing Security

National Economic Competition: The Traditional Road

Preserving and Enhancing the Biosphere

Filters

Exam 11: International Economics: The Alternative Road

Discuss the criticisms of the IMF by the South.Are such criticisms valid?

The membership of the WTO includes

Following World War II,the United States and its allies set up a number of institutions to help manage the global economy.What were the major institutions developed and what role have they played.

The theory of "competitive advantage" was developed by

Based on its membership,the OECD could be considered

Which country is not part of the G-8?

A trade agreement among three or more countries within a region is called

Although public opinion has pushed the G-8 to consider development issues,the G-8 has yet to address them.

Discuss the North-South disagreements during the Doha Round negotiations in Cancun,Mexico.For which side are you more empathetic? Why?

According to economic internationalists,how does free trade promote cooperation?

Advocates of free trade argue that increased economic interdependence among countries is inherently good because it reduces international conflict.

In trade dispute cases brought to the WTO

Explain the concept of comparative advantage.

UNCTAD was founded primarily for the purpose of

The UN Development Programme works to

Unlike the IMF,the World Bank is not dominated by the North.

The liberal idea of interdependence seeks the

One of the principal concerns of the G-8 is

Economic internationalists argue that free trade is beneficial to the international economy for all of the following reasons except that free trade

The Doha Round of WTO talks produced great progress in addressing the concerns of both LDCs and EDCs.

Thinking and Caring About World Politics

The Evolution of World Politics

Levels of Analysis and Foreign Policy

Nationalism: the Traditional Orientation

Globalization: the Alternative Orientation

Power, statecraft, and the National State: The Traditional Structure

Intergovernmental Organizations: Alternative Governance

International Law and Human Rights

Pursuing Security

National Economic Competition: The Traditional Road

Preserving and Enhancing the Biosphere

Filters