Question 1

Who are nonstate actors, and what effect have they had internationally?

Accepted Answer

Nonstate actors are individuals or groups that are not affiliated with any government or state. This can include non-governmental organizations (NGOs), multinational corporations, terrorist groups, and other organizations that operate independently of state control.

Nonstate actors have had a significant impact internationally in a variety of ways. For example, NGOs often play a crucial role in providing humanitarian aid and promoting human rights around the world. Multinational corporations have also had a major influence on the global economy and international trade. On the other hand, terrorist groups have caused widespread fear and instability through their violent actions.

Overall, nonstate actors have had both positive and negative effects internationally, shaping global politics, economics, and security in significant ways. Their influence is likely to continue to be a major factor in international affairs in the future.

Question 2

Contributing factors of the recession of 2007-2009 included all of the following EXCEPT

Accepted Answer

A)   widespread foreclosures.
B)   inflated housing prices.
C)   unstable political process.
D)   irresponsible lending by banks.
E)   excessive  borrowing by consumers. C

Question 3

Describe the World Bank and the IMF. How do their roles differ?

Accepted Answer

The World Bank and the International Monetary Fund (IMF) are two international financial institutions that were established at the Bretton Woods Conference in 1944.

The World Bank is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects. These projects are typically aimed at reducing poverty, improving infrastructure, and promoting economic development. The World Bank also provides technical assistance and policy advice to help countries implement their development goals.

The IMF, on the other hand, is focused on maintaining global economic stability and providing financial assistance to countries facing balance of payments problems. It provides short-term loans and policy advice to help countries overcome financial crises and stabilize their economies. The IMF also monitors the global economy and provides analysis and recommendations to promote economic stability and growth.

In summary, the World Bank primarily focuses on long-term development projects and poverty reduction, while the IMF focuses on short-term financial stability and crisis management. While both institutions work to promote global economic development and stability, their specific roles and areas of focus differ.

Question 4

When the Federal Reserve decreases reserve requirements, what should be the result?

Accepted Answer

A)   Banks have more money to lend.
B)   The money supply decreases.
C)   Banks have less money to lend.
D)   The money supply remains stable.
E)   Banks have more money "in reserve."

Question 5

What is monetary policy and how does it compare to economic policy? What are the goals of the Federal Reserve Board, and what tools does it use to achieve them?

Accepted Answer

The answer of What is monetary policy and how does...

Question 6

What does NAFTA stand for, who signed it, and what does it create?

Accepted Answer

The answer of What does NAFTA stand for, who signed...

Question 7

Define globalization and provide an example.

Accepted Answer

The answer of Define globalization and provide an example....

Question 8

Define "public policy" and provide a brief example.

Accepted Answer

The answer of Define "public policy" and provide a brief...

Question 9

Which of the following best defines the regulatory process?

Accepted Answer

A)   process by which policy ideas and programs initiated by one state spread to other states
B)   guidelines issued by federal agencies for administering federal programs and implementing federal law
C)   system of rules that  guides how a law is  implemented; also called the  rule-making process
D)   policy designed to make sure that the working conditions are relatively equal in nations that trade with each other
E)   spending and taxation decisions made by government

Question 10

Becoming a fully naturalized citizen requires all of the following EXCEPT

Accepted Answer

A)   residing in the U.S. continuously for at least five years.
B)   pledging support to the United States.
C)   renouncing any past political affiliation.
D)   passing a citizenship test.
E)   being able to read and write English.

Question 11

For most, what is the first step in becoming a naturalized citizen of the United States?

Accepted Answer

A)   apply for a birth certificate
B)   apply for political asylum
C)   apply for a job
D)   apply for a marriage license
E)   apply for a green card

Question 12

Any federal agency which issues guidelines concerning the administration and implementation of a federal law is engaged in the process of

Accepted Answer

A)   program review.
B)   regulation.
C)   identification.
D)   mandates.
E)   valuation.

Question 13

The official published record of all executive branch rules, regulations, and orders may be found in the

Accepted Answer

A)   Washington Post.
B)   Federal Register.
C)   Congressional Record.
D)   Daily Digest.
E)   National archives.

Question 14

The Cold War refers to a conflict between the United States and its democratic allies, and

Accepted Answer

A)   the Soviet Union and communist-allied countries.
B)   the "Asian Tigers."
C)   the Axis powers of Germany, Italy and Japan.
D)   South America and leftist guerrillas.
E)   the European Union.

Question 15

The international organization that distributes grants and low-income loans in developing countries is the

Accepted Answer

A)   United Nations.
B)   European Union.
C)   World Trade Organization.
D)   World Bank.
E)   International Monetary Fund.

Question 16

The __________ is the international organization that works to stabilize currency values and government debt for nations in economic difficulty.

Accepted Answer

A)   United Nations
B)   European Union
C)   World Trade Organization
D)   World Bank
E)   International Monetary Fund

Question 17

The government intends to change its immigration laws by permitting certain persons currently in the U.S. without proper documentation to obtain citizenship legally. This is an example of

Accepted Answer

A)   problem identification.
B)   democracy in action.
C)   policy intent.
D)   public policy.
E)   pork barrel politics.

Question 18

The _____ was formed after World War II in order to mediate disputes among nations around the world.

Accepted Answer

A)   United Nations
B)   North American Free Trade Agreement
C)   IMF
D)   Department of Commerce
E)   World Bank

Question 19

When ownership and control of most elements in a society are subject to state restrictions where no individual ownership of large amounts of property or wealth is permitted, it is a key principle of which system?

Accepted Answer

A)   communism
B)   liberalism
C)   democracy
D)   socialism
E)   anarchism

Question 20

Who controls monetary policy in the United States?

Accepted Answer

A)   Congress
B)   Council of Economic Advisors
C)   Federal Reserve Board
D)   the president and cabinet
E)   Wall Street

Exam 16: Economic Domestic and Foreign Policy