Question 1

Is free trade beneficial or detrimental to the world system?

Accepted Answer

The answer should focus on the debate over free trade including arguments from each side.A well-thought-out answer will take each argument for free trade (i.e.prosperity,specialization,democracy,etc.)and argue it within the context of proponent concerns.

Question 2

The UN Conference on Trade and Development is a forum for Southern views on the global economy.

Accepted Answer

A) True 
 B)False  True

Question 3

Which of the following is not an IGO created to facili­tate economic interactions across national boundaries?

Accepted Answer

A)   The World Bank
B)   The North American Treaty Organization
C)   The International Monetary Fund
D)   The World Trade Organization B

Question 4

The primary function of the IMF is to

Accepted Answer

A)   help maintain exchange-rate stability.
B)   promote monetary union.
C)   arbitrate economic disputes.
D)   assist developing countries.

Question 5

What does UNCTAD stand for?

Accepted Answer

The answer of What does UNCTAD stand for?...

Question 6

Economic regionalism

Accepted Answer

A)   is not regulated by GATT.
B)   may lead to greater protectionism and undermine global trade liberalization.
C)   will undoubtedly increase global trade.
D)   will certainly lessen American economic power.

Question 7

What is the main goal of the WTO?

Accepted Answer

The answer of What is the main goal of the...

Question 8

The international organization most involved in pro­moting monetary cooperation is the

Accepted Answer

A)   United Nations.
B)   WTO.
C)   World Bank.
D)   IMF.

Question 9

GATT

Accepted Answer

A)   met with some success, but was ultimately a failure.
B)   was formed by the WTO.
C)   addresses a wide range of development issues.
D)   is the treaty underlying the WTO.

Question 10

The shift in emphasis in economic cooperation to the problems of LDCs was prompted by all of the following developments except for

Accepted Answer

A)   the return to prosperity in the North
B)   the fear of rapid currency fluctuations caused by inequality.
C)   rising awareness in the North regarding the plight of LDCs.
D)   independence movements that ended colonization.

Question 11

Who are the members of NAFTA?

Accepted Answer

The answer of Who are the members of NAFTA?...

Question 12

How is voting in the IMF weighted?

Accepted Answer

A)   It is weighted based on exports.
B)   It is population-weighted.
C)   It is wealth-weighted.
D)   Every country gets an equal vote.

Question 13

Increased global trade is thought to reduce international violence because

Accepted Answer

A)   the economies of countries become linked.
B)   the rich are often more interested in commerce than war.
C)   most conflicts are over trade barriers.
D)   war is banned by international organizations.

Question 14

Explain the controversy surrounding the World Bank Group.What changes would you propose?

Accepted Answer

The answer of Explain the controversy surrounding the World Bank...

Question 15

In addition to the IMF,which institution emerged at the end of World War II to assist cooperation?

Accepted Answer

A)   International Bank for Mining and Agriculture
B)   Bank for International Settlements
C)   World Bank
D)   Group of 77

Question 16

List the four main parts of the World Bank.

Accepted Answer

The answer of List the four main parts of the...

Question 17

At the 2002 International Conference on Financing for Development (ICFD),participating countries agreed to the UN's recommended goal of contributing what percentage of their GNPs to economic development?

Accepted Answer

A)   0.01 percent
B)   0.07 percent
C)   1 percent
D)   7 percent

Question 18

In addition to the WTO there are numerous regional trade organizations.Why have these organizations become so common and what is the downside? Cite examples where applicable.

Accepted Answer

The answer of In addition to the WTO there are...

Question 19

Because of its weighted voting scheme,the IMF's decisions are controlled

Accepted Answer

A)   solely by the United States.
B)   a handful of developed countries.
C)   all of the developed countries working in concert.
D)   only with the consent of LDC countries.

Question 20

Some analysts contend that a comprehensive aid effort from the North to the South will result in decreased international violence.Why?

Accepted Answer

The answer of Some analysts contend that a comprehensive aid...

Exam 11: International Economics: The Alternative Road

Is free trade beneficial or detrimental to the world system?

The UN Conference on Trade and Development is a forum for Southern views on the global economy.

Which of the following is not an IGO created to facilitate economic interactions across national boundaries?

The primary function of the IMF is to

What does UNCTAD stand for?

Economic regionalism

What is the main goal of the WTO?

The international organization most involved in promoting monetary cooperation is the

GATT

The shift in emphasis in economic cooperation to the problems of LDCs was prompted by all of the following developments except for

Who are the members of NAFTA?

How is voting in the IMF weighted?

Increased global trade is thought to reduce international violence because

Explain the controversy surrounding the World Bank Group.What changes would you propose?

In addition to the IMF,which institution emerged at the end of World War II to assist cooperation?

List the four main parts of the World Bank.

At the 2002 International Conference on Financing for Development (ICFD) ,participating countries agreed to the UN's recommended goal of contributing what percentage of their GNPs to economic development?

In addition to the WTO there are numerous regional trade organizations.Why have these organizations become so common and what is the downside? Cite examples where applicable.

Because of its weighted voting scheme,the IMF's decisions are controlled

Some analysts contend that a comprehensive aid effort from the North to the South will result in decreased international violence.Why?

Exam 11: International Economics: The Alternative Road

Is free trade beneficial or detrimental to the world system?

The UN Conference on Trade and Development is a forum for Southern views on the global economy.

Which of the following is not an IGO created to facili­tate economic interactions across national boundaries?

The primary function of the IMF is to

What does UNCTAD stand for?

Economic regionalism

What is the main goal of the WTO?

The international organization most involved in pro­moting monetary cooperation is the

GATT

The shift in emphasis in economic cooperation to the problems of LDCs was prompted by all of the following developments except for

Who are the members of NAFTA?

How is voting in the IMF weighted?

Increased global trade is thought to reduce international violence because

Explain the controversy surrounding the World Bank Group.What changes would you propose?

In addition to the IMF,which institution emerged at the end of World War II to assist cooperation?

List the four main parts of the World Bank.

At the 2002 International Conference on Financing for Development (ICFD) ,participating countries agreed to the UN's recommended goal of contributing what percentage of their GNPs to economic development?

In addition to the WTO there are numerous regional trade organizations.Why have these organizations become so common and what is the downside? Cite examples where applicable.

Because of its weighted voting scheme,the IMF's decisions are controlled

Some analysts contend that a comprehensive aid effort from the North to the South will result in decreased international violence.Why?

Which of the following is not an IGO created to facilitate economic interactions across national boundaries?

The international organization most involved in promoting monetary cooperation is the