Question 1

List three types of nontariff barriers.

Accepted Answer

Health and safety st

Question 2

Using a country's economic data,such as GDP,is an absolute and accurate way to determine its wealth and to compare countries.

Accepted Answer

A) True 
 B)False

Question 3

World system theorists would argue that the U.S.role in the Persian Gulf during the 1990s was the result of the U.S.desire to

Accepted Answer

A)  promote free trade and capitalism. 
B)  end Iraqi imperialism. 
C)  to protect oil-producing countries so that they could continue to get crude oil at lower prices. 
D)  to end despotic rule in the region. 
A)  promote free trade and capitalism. 
B)  end Iraqi imperialism. 
C)  to protect oil-producing countries so that they could continue to get crude oil at lower prices. 
D)  to end despotic rule in the region.

Question 4

Which of the following is a major problem spawned by rapid urbanization?

Accepted Answer

A)  shortages of hard currency 
B)  overemployment in urban areas 
C)  weakening of traditional networks and the social order 
D)  overly rapid adjustments to an urban way of life by migrants 
A)  shortages of hard currency 
B)  overemployment in urban areas 
C)  weakening of traditional networks and the social order 
D)  overly rapid adjustments to an urban way of life by migrants

Question 5

Economists often compare the wealth of countries in terms of purchasing power parity because

Accepted Answer

A)  countries use different currencies. 
B)  inflation rates vary across countries. 
C)  it controls for the different costs of living in different countries. 
D)  it controls for the national debt of countries. 
A)  countries use different currencies. 
B)  inflation rates vary across countries. 
C)  it controls for the different costs of living in different countries. 
D)  it controls for the national debt of countries.

Question 6

Economic internationalists would advocate using all of the following tactics except

Accepted Answer

A)  loans. 
B)  investment. 
C)  international aid. 
D)  sanctions. 
A)  loans. 
B)  investment. 
C)  international aid. 
D)  sanctions.

Question 7

One criticism of using Gross National Product (GNP)as a basis to determine how well countries are doing is that the GNP

Accepted Answer

A)  does not take into account prices for locally con­sumed goods despite the fact that the cost of locally consumed goods affects purchasing power. 
B)  is a biased measure because it is based on the U.S. dollar. 
C)  is an outdated measure that does not take into account the move toward standardized currencies such as the euro. 
D)  relies too heavily on purchasing power to determine the economic health of countries. 
A)  does not take into account prices for locally con­sumed goods despite the fact that the cost of locally consumed goods affects purchasing power. 
B)  is a biased measure because it is based on the U.S. dollar. 
C)  is an outdated measure that does not take into account the move toward standardized currencies such as the euro. 
D)  relies too heavily on purchasing power to determine the economic health of countries.

Question 8

Approximately how many people in the world live in extreme poverty?

Accepted Answer

A)  1 million 
B)  10 million 
C)  100 million 
D)  1 billion 
A)  1 million 
B)  10 million 
C)  100 million 
D)  1 billion

Question 9

What is the difference between merchandise trade and services trade?

Accepted Answer

Merchandise trade involves the trade of

Question 10

The value of two currencies in relation to each other is known as

Accepted Answer

A)  purchasing power. 
B)  exchange rate. 
C)  balance of payments. 
D)  monetary relations. 
A)  purchasing power. 
B)  exchange rate. 
C)  balance of payments. 
D)  monetary relations.

Question 11

All of the following are terms associated with economic structuralism except

Accepted Answer

A)  dependency. 
B)  neocolonialism. 
C)  neoliberalism. 
D)  neoimperialism. 
A)  dependency. 
B)  neocolonialism. 
C)  neoliberalism. 
D)  neoimperialism.

Question 12

An individual who advocates the direct control of another land for national economic gain is most likely an economic

Accepted Answer

A)  nationalist. 
B)  liberalist. 
C)  structuralist. 
D)  internationalist. 
A)  nationalist. 
B)  liberalist. 
C)  structuralist. 
D)  internationalist.

Question 13

Which approach to international political economy focuses on increasing global prosperity through inter­national cooperation?

Accepted Answer

A)  Economic nationalism 
B)  Economic internationalism 
C)  Economic structuralism 
D)  Economic statecraft 
A)  Economic nationalism 
B)  Economic internationalism 
C)  Economic structuralism 
D)  Economic statecraft

Question 14

What five supply and demand factors caused the rapid growth of world trade?

Accepted Answer

Productive technolog

Question 15

Increased supply and demand for material goods can be traced back to

Accepted Answer

A)  the Great Depression. 
B)  World War I. 
C)  World War II. 
D)  the industrial revolution. 
A)  the Great Depression. 
B)  World War I. 
C)  World War II. 
D)  the industrial revolution.

Question 16

Tax breaks are no longer a popular form of governmen­tal subsidy.

Accepted Answer

A) True 
 B)False

Question 17

What is the difference between Foreign Direct Investment and Foreign Portfolio Investment?

Accepted Answer

FDI involves the purchase of r

Question 18

The world is on an inevitable path towards integration and cooperation.

Accepted Answer

A) True 
 B)False

Question 19

Why are economic nationalists suspicious of economic interdependence?

Accepted Answer

A)  They believe that it further perpetuates class conflict. 
B)  They believe that it inhibits free markets and inter­national free economic exchange. 
C)  They believe that it undermines state sovereignty and weakens national economic strength. 
D)  They believe that it gives some countries a competi­tive advantage over others. 
A)  They believe that it further perpetuates class conflict. 
B)  They believe that it inhibits free markets and inter­national free economic exchange. 
C)  They believe that it undermines state sovereignty and weakens national economic strength. 
D)  They believe that it gives some countries a competi­tive advantage over others.

Question 20

Over the past 100 years tariffs on foreign goods imported to the United States have

Accepted Answer

A)  increased as the United States has become more focused on domestic job security. 
B)  decreased as the United States has embraced free trade as a means to ensure global prosperity. 
C)  remained relatively stable. 
D)  fluctuated dramatically because Republican pres­idents tend to support tariffs whereas Democratic presidents tend to oppose them. 
A)  increased as the United States has become more focused on domestic job security. 
B)  decreased as the United States has embraced free trade as a means to ensure global prosperity. 
C)  remained relatively stable. 
D)  fluctuated dramatically because Republican pres­idents tend to support tariffs whereas Democratic presidents tend to oppose them.

List three types of nontariff barriers.

Using a country's economic data,such as GDP,is an absolute and accurate way to determine its wealth and to compare countries.

World system theorists would argue that the U.S.role in the Persian Gulf during the 1990s was the result of the U.S.desire to

Which of the following is a major problem spawned by rapid urbanization?

Economists often compare the wealth of countries in terms of purchasing power parity because

Economic internationalists would advocate using all of the following tactics except

One criticism of using Gross National Product (GNP)as a basis to determine how well countries are doing is that the GNP

Approximately how many people in the world live in extreme poverty?

What is the difference between merchandise trade and services trade?

The value of two currencies in relation to each other is known as

All of the following are terms associated with economic structuralism except

An individual who advocates the direct control of another land for national economic gain is most likely an economic

Which approach to international political economy focuses on increasing global prosperity through international cooperation?

What five supply and demand factors caused the rapid growth of world trade?

Increased supply and demand for material goods can be traced back to

Tax breaks are no longer a popular form of governmental subsidy.

What is the difference between Foreign Direct Investment and Foreign Portfolio Investment?

The world is on an inevitable path towards integration and cooperation.

Why are economic nationalists suspicious of economic interdependence?

Over the past 100 years tariffs on foreign goods imported to the United States have

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

International Economics: The Alternative Road

Preserving and Enhancing the Biosphere

Filters

Exam 10: National Economic Competition: The Traditional Road

List three types of nontariff barriers.

Using a country's economic data,such as GDP,is an absolute and accurate way to determine its wealth and to compare countries.

World system theorists would argue that the U.S.role in the Persian Gulf during the 1990s was the result of the U.S.desire to

Which of the following is a major problem spawned by rapid urbanization?

Economists often compare the wealth of countries in terms of purchasing power parity because

Economic internationalists would advocate using all of the following tactics except

One criticism of using Gross National Product (GNP)as a basis to determine how well countries are doing is that the GNP

Approximately how many people in the world live in extreme poverty?

What is the difference between merchandise trade and services trade?

The value of two currencies in relation to each other is known as

All of the following are terms associated with economic structuralism except

An individual who advocates the direct control of another land for national economic gain is most likely an economic

Which approach to international political economy focuses on increasing global prosperity through inter­national cooperation?

What five supply and demand factors caused the rapid growth of world trade?

Increased supply and demand for material goods can be traced back to

Tax breaks are no longer a popular form of governmen­tal subsidy.

What is the difference between Foreign Direct Investment and Foreign Portfolio Investment?

The world is on an inevitable path towards integration and cooperation.

Why are economic nationalists suspicious of economic interdependence?

Over the past 100 years tariffs on foreign goods imported to the United States have

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

International Economics: The Alternative Road

Preserving and Enhancing the Biosphere

Filters

Which approach to international political economy focuses on increasing global prosperity through international cooperation?

Tax breaks are no longer a popular form of governmental subsidy.