Question 1

Over the last 50 years,global economic cooperation has shifted to focus on development of the South.

Accepted Answer

A) True 
 B)False

Question 2

The IMFs mission changed in the 1970s with the collapse of the "fixed-rate" system that tied currency to gold.Currently,exchange rates are determined by

Accepted Answer

A)  the declaration of the IMF. 
B)  supply and demand for currencies. 
C)  international agreement. 
D)  Multinational corporations. 
A)  the declaration of the IMF. 
B)  supply and demand for currencies. 
C)  international agreement. 
D)  Multinational corporations.

Question 3

What did signatories of the Uruguay Round document pledge to do about tariffs over the next 10 years?

Accepted Answer

A)  maintain current tariff levels 
B)  reduce tariffs by one-third, on average 
C)  eliminate all tariffs 
D)  eliminate all tariffs except for tariffs on agricultural products 
A)  maintain current tariff levels 
B)  reduce tariffs by one-third, on average 
C)  eliminate all tariffs 
D)  eliminate all tariffs except for tariffs on agricultural products

Question 4

Which of the following is not common defense of the IMF?

Accepted Answer

A)  Reforms are necessary to correct the underlying domestic structural problems necessitating the original loan 
B)  The IMF is doing what it needs to do to promote global prosperity 
C)  Countries who fund the IMF should have a larger role in shaping its decisions 
D)  Loan conditionality undermines social welfare 
A)  Reforms are necessary to correct the underlying domestic structural problems necessitating the original loan 
B)  The IMF is doing what it needs to do to promote global prosperity 
C)  Countries who fund the IMF should have a larger role in shaping its decisions 
D)  Loan conditionality undermines social welfare

Question 5

The theory of competitive advantage stresses that some countries are better at specialization than others.

Accepted Answer

A) True 
 B)False

Question 6

The UNDP promotes grassroots economic development in the LDCs.

Accepted Answer

A) True 
 B)False

Question 7

The theory of competitive advantage argues that

Accepted Answer

A)  wealthier countries have an economic advantage over poorer countries, which they use to dominate the international system. 
B)  poorer countries have a natural resource advantage over wealthier countries because they control raw materials. 
C)  diversification within domestic economies reduces reliance on other countries and gives individual countries a clear advantage. 
D)  specialization benefits all countries because it means that each country is producing that which is most cost-efficient for them to produce. 
A)  wealthier countries have an economic advantage over poorer countries, which they use to dominate the international system. 
B)  poorer countries have a natural resource advantage over wealthier countries because they control raw materials. 
C)  diversification within domestic economies reduces reliance on other countries and gives individual countries a clear advantage. 
D)  specialization benefits all countries because it means that each country is producing that which is most cost-efficient for them to produce.

Question 8

The World Bank's priorities

Accepted Answer

A)  have shifted from development of the South to development of the North. 
B)  have shifted from development of the North to development of the South. 
C)  have always focused on development of the South. 
D)  have always focused on development of the North. 
A)  have shifted from development of the South to development of the North. 
B)  have shifted from development of the North to development of the South. 
C)  have always focused on development of the South. 
D)  have always focused on development of the North.

Question 9

Special Drawing Rights (SDRs)are

Accepted Answer

A)  currency reserves from which central banks can draw, whose value is based on a "market basket" of several currencies. 
B)  most-favored-nation status trade perquisites 
C)  UN allowances for less developed countries 
D)  European central banks 
A)  currency reserves from which central banks can draw, whose value is based on a "market basket" of several currencies. 
B)  most-favored-nation status trade perquisites 
C)  UN allowances for less developed countries 
D)  European central banks

Question 10

Which of the following IGOs is concerned with maintaining exchange rate stability?

Accepted Answer

A)  WTO 
B)  World Bank Group 
C)  IMF 
D)  NAFTA 
A)  WTO 
B)  World Bank Group 
C)  IMF 
D)  NAFTA

Question 11

Economic internationalism argues that increasing free trade has what impact on development capital for LDCs?

Accepted Answer

A)  Increase development capital because of greater foreign investment 
B)  Increase development capital because of more expensive goods 
C)  Decrease development capital because of cheap foreign goods 
D)  Decrease development capital because of higher interest rates for loans 
A)  Increase development capital because of greater foreign investment 
B)  Increase development capital because of more expensive goods 
C)  Decrease development capital because of cheap foreign goods 
D)  Decrease development capital because of higher interest rates for loans

Question 12

Should the countries of the world that are well -off be obliged to assist the less fortunate? Summarize the theories that address this central debate.What is your opinion and why?

Accepted Answer

The answer should detail the a

Question 13

List four advantages of economic nationalism.

Accepted Answer

Any four of the following: Protecting th

Question 14

APEC members account for approximately what percentage of the world's GDP?

Accepted Answer

A)  10 percent 
B)  30 percent 
C)  50 percent 
D)  80 percent 
A)  10 percent 
B)  30 percent 
C)  50 percent 
D)  80 percent

Question 15

List the members of the Group of Eight.

Accepted Answer

Canada,France,German

Question 16

The central purpose of NAFTA is

Accepted Answer

A)  political union. 
B)  customs union. 
C)  trade expansion. 
D)  monetary union. 
A)  political union. 
B)  customs union. 
C)  trade expansion. 
D)  monetary union.

Question 17

On what grounds do free trade advocates argue that free trade is best?

Accepted Answer

Free-trade advocates believe that free t

Question 18

The expansion of free economic interchange has

Accepted Answer

A)  inspired countries to integrate into regional blocs. 
B)  extensively aided the economic growth of LDCs. 
C)  discouraged protectionism. 
D)  decreased economic nationalism. 
A)  inspired countries to integrate into regional blocs. 
B)  extensively aided the economic growth of LDCs. 
C)  discouraged protectionism. 
D)  decreased economic nationalism.

Question 19

Economic internationalists argue that free trade

Accepted Answer

A)  would hurt the North. 
B)  would undermine regional trade blocs like the EU and NAFTA. 
C)  could provide development capital for the South. 
D)  has only moral rewards for the North. 
A)  would hurt the North. 
B)  would undermine regional trade blocs like the EU and NAFTA. 
C)  could provide development capital for the South. 
D)  has only moral rewards for the North.

Question 20

According to free-trade advocates protectionism results in

Accepted Answer

A)  increased international conflict. 
B)  higher prices due to tariffs. 
C)  increased international social class divisions. 
D)  the availability of fewer jobs. 
A)  increased international conflict. 
B)  higher prices due to tariffs. 
C)  increased international social class divisions. 
D)  the availability of fewer jobs.

Over the last 50 years,global economic cooperation has shifted to focus on development of the South.

The IMFs mission changed in the 1970s with the collapse of the "fixed-rate" system that tied currency to gold.Currently,exchange rates are determined by

What did signatories of the Uruguay Round document pledge to do about tariffs over the next 10 years?

Which of the following is not common defense of the IMF?

The theory of competitive advantage stresses that some countries are better at specialization than others.

The UNDP promotes grassroots economic development in the LDCs.

The theory of competitive advantage argues that

The World Bank's priorities

Special Drawing Rights (SDRs)are

Which of the following IGOs is concerned with maintaining exchange rate stability?

Economic internationalism argues that increasing free trade has what impact on development capital for LDCs?

Should the countries of the world that are well -off be obliged to assist the less fortunate? Summarize the theories that address this central debate.What is your opinion and why?

List four advantages of economic nationalism.

APEC members account for approximately what percentage of the world's GDP?

List the members of the Group of Eight.

The central purpose of NAFTA is

On what grounds do free trade advocates argue that free trade is best?

The expansion of free economic interchange has

Economic internationalists argue that free trade

According to free-trade advocates protectionism results in

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

Over the last 50 years,global economic cooperation has shifted to focus on development of the South.

The IMFs mission changed in the 1970s with the collapse of the "fixed-rate" system that tied currency to gold.Currently,exchange rates are determined by

What did signatories of the Uruguay Round document pledge to do about tariffs over the next 10 years?

Which of the following is not common defense of the IMF?

The theory of competitive advantage stresses that some countries are better at specialization than others.

The UNDP promotes grassroots economic development in the LDCs.

The theory of competitive advantage argues that

The World Bank's priorities

Special Drawing Rights (SDRs)are

Which of the following IGOs is concerned with maintaining exchange rate stability?

Economic internationalism argues that increasing free trade has what impact on development capital for LDCs?

Should the countries of the world that are well -off be obliged to assist the less fortunate? Summarize the theories that address this central debate.What is your opinion and why?

List four advantages of economic nationalism.

APEC members account for approximately what percentage of the world's GDP?

List the members of the Group of Eight.

The central purpose of NAFTA is

On what grounds do free trade advocates argue that free trade is best?

The expansion of free economic interchange has

Economic internationalists argue that free trade

According to free-trade advocates protectionism results in

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